THREES- a margins comment: we know the more engineering involved orders give higher margins. It is my belief the FMG work is often a bit more involved, especially when dealing with a mine startup vs fitting stuff like trucks.
With that in mind, if the finished goods are something involving FMG, it is possible that the Fin Goods work was a bit more expensive because of the engineering details involved in the product and thusly the margins that might be recognized by that F G product may be on the higher end vs the lower end next Q plus I am wondering if possibly some engineering expense affected margins negatively in this last Q because of the potential extra time spent on work not recognized in revs but t aking up time from production and engineering staff.
I'm just speculating though obviously. I think we will see a very strong finish to the year but who knows. At least I feel more comfortable with this one (ALLOY) than in predicting cyclogenesis LOL.
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