BRM.v BIRMF - Look at it and passed. Short term it may be a good investment if it can convert the backlog into revenue at a good clip. Long term it has been very cyclical and could turn back down at a moment's notice. Warren Buffett would say the way to value a company would be to compute the cash flow the business will produce over the long term and discount it versus the time it takes to produce. I'm not convinced this business will ever produce significant cash flow over the long term.