Re point 3 - others may be far more knowledgeable than me and able to refute or confirm, but could this type of thing be a reason for the strange deferment of recognition of income accounting practices that UNS has in place?
That is the income may already be in the company's hands, and being spent on installing manufacturing infrastructure, but may fall into the deferred recognition bucket as they do not wish to/are not able to recognise the income until such time as the contracts are made public?
Seems like a logical reason for a strange practice to me. I haven't seen any other explanations for the existence of this practice.
VERY interested in other's thoughts on this.
UNS Price at posting:
54.5¢ Sentiment: Buy Disclosure: Held