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This company has consistently had a large backlog of orders. While this may not be a guarantee of future earnings, it seems about as close as one could get. I suspect that we are looking at the general market paranoia in combination with some ignorance in just what this company does to make money. (Explosives clad welding technology is somewhat new and specialized....take powdered metals, mold them to a form with explosives and....boom! and you get unique alloys which cannot be made in other ways....Much of what the company does is in the oil and gas industry...with rising energy prices, I don't see demand for their products going anywhere but consistent large backlogs...)
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