nelson, TA- who would have seen that coming given the company's valuation? Negative surprises happen.
I thought SMID looked like a decent bet with their nice margins for awhile and hanging in there with backlog plus long stretch of profitability in good and bad market, also trading a bit under book. So what do they do? Stink it up. Backlog fell off the cliff.
You've been doing very well in avoiding the 'oopsies' for awhile so don't sweat it :-) Oopsies happen all the time.
PS- thanx for the filling in in public so non-paying I-Hubbers can get your low down.