Possible bear thesis is EML never wins another contract ever...

Possible bear thesis is EML never wins another contract ever again and pays all cash and earnings as dividends. Considering most contracts are on 5-6 year terms then we can assume in this scenario EML completely botches every single contract and losses all of them as they come up for renewal. Personally and as a very large holder in EML I prefer the more bullish thesis In terms of US market correction in tech stocks I don't necessarily agree EML is in that bucket. If it was on 30-40x EBITDA multiple then maybe it would be in that bucket. Obviously any market correction in general will have a short term flow on effect on EML share price, just like it would on pretty much any other listed stock. Cheers.