Replies to post #59996 on Savvy Trades and Investments

[researcher59]

FTEK +.12 to 1.43, good catch on that sharp decline in backlog, both sequentially and y/y. I wonder if that issue came up on the conference call ? It's definitely a concern and could foreshadow weak Q1 results.

[hweb2]

Agreed on FTEK backlog. They did announce $3M in orders in a separate PR yesterday. But yeah it's the kind of company that is going to have lumpy quarters/backlog. Sounds like they've dramatically lowered their cost structure at least, even more so after the suspension of the China operations. I get the feeling their 'bad' quarters will be around breakeven. While their 'good' quarters could be earnings of .05-.08/share.

Made it through the CC, not that I understood much of it. Sounds like lots of ways to win on FTEK. Think it's worthy of a small position, as could spike up to $2+ on the right PR. Especially in this bubbly market.