I wouldn't put another cent into Matrix until they convert all there so called 'strong quotation activity' turns into 'real' orders and we hear that the revised earnings guidance is being achieved.
Revenue
Revised Guidance $145m
Previous Guidance
Low $165m
High $175m
While the revised guidance is disappointing and
below previous expectations, the Board considers
that market conditions are set to improve, as evidenced by the recent strong recovery in the buoyancy order book and
a recovery in well construction sales.
http://www.matrixengineered.com/media/69214/0227-Earnings%20Guidance%20Update.pdf
and why don't they release this to the market.
MATRIX SUPPLIES INSTALLATION
BUOYANCY TO WHEATSTONE PROJECT
Read Here
if they ever, page-35
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