News Focus
News Focus
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maxluke1

05/20/21 12:08 PM

#87439 RE: michael t #87438

ARTW - same, hold a position. While the overall backlog was down due to the completion of a large project in the modular building segment, their ag division is looking promising. From what I can tell, this really drives their GM% too.

From recent 10Q:

"The agricultural products segment order backlog was $5,456,000 as of April 5, 2021 compared to $2,699,000 in fiscal 2020." While we did report an 18.5% increase in sales in fiscal Q1 of 2021 we are still carrying a backlog that is twice the size of last year’s backlog. The increase is due to increased farmer spending as a result of financial assistance received under coronavirus relief packages."

Who knows though, they've serially disappointed over the years, just my opinion.
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maxluke1

07/12/21 12:14 PM

#88750 RE: michael t #87438

ARTW - sold some at ~4.25, probably too early. Happy to see some exuberance hitting some of the board's favorites.