EarningsI've been watching this one. My patence has paid, as this earnings release isn't great.
The lowlights:
- cash flow is negative
- billables piled up 25% (more than revenue)
- debt up 75%
- intangibles up, despite closure of steel structures? I ignore intangible assets in nontech companies, but pay attention when it goes in an unlikely direction.
The price to tangible value is 0.6 at the new low price of $6.75, but I'm not sure I trust the balance sheet.
I'll be looking for evidence of improvment before taking a dip.