I'm taking profits on TAYD. Another nice quarter. But revenues, earnings, and backlog all declined a decent amount sequentially. I thought the stock might actually be down a little on this report...since it was strong into the numbers. Happy to be wrong!
Nice results out of TAYD($25) this morning; $.56 vs $.45; and backlog is back to record levels.
More importantly, the company spent a chunk of its cash horde to buyback 13%(!) of its shares at $19.92/share. If my math is right, the company still has $8+/share of cash...
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