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Stockpickrs,
I want to speak to you about backlogs. Cramer is always touting backlogs as a
good thing. I have not much stock experience so I will ask you, why is this a
good thing? My father was an ironworker, and when their projects got back
logged, he got to work overtime to finish the job on time, which cost the
company more money. When I worked as a project secretary at a construction
company, my main job was to fill out "change orders" to request additional costs
because things were not correctly figured and it was going to cost more than
originally surmised. So, I am thinking that a back order will cause company
losses not profits. However, all of the CEOs who come on touting "backlogs"
make it seem like a good thing. What part of the picture am I not understanding
correctly? Please advise.
Many thanks in advance.
Kathy in NJ

Asked by katie7ch 2 months ago - 7 answers - 165 views
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Thanks all!~ This adds to my understanding. Stockpickrs are wonderful!
Kathy in NJ

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visiablity in earnings

Answered by JEwald - Bookmark this User - Ignore this user
2 months ago - Report Abuse

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it is guaranteed buisness, and if backlogs build this means their
product/service is in high demand, i.e. they can raise prices

Answered by ncs519 - Bookmark this User - Ignore this user
2 months ago - Report Abuse

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Force majeure (French for "greater force") is a common clause in
contracts which essentially frees both parties from liability or obligation when
an extraordinary event or circumstance beyond the control of the parties, such
as war, strike, riot, crime, act of nature (e.g., flooding, earthquake,
volcano), prevents one or both parties from fulfilling their obligations under
the contract. However, force majeure is not intended to excuse negligence or
other malfeasance of a party, as where non-performance is caused by the usual
and natural consequences of external forces (e.g., predicted rain stops an
outdoor event), or where the intervening circumstances are specifically
contemplated.

Time-critical and other sensitive contracts may be drafted to limit the shield
of this clause where a party does not take reasonable steps (or specific
precautions) to prevent or limit the effects of the outside interference, either
when they become likely or when they actually occur. A force majeure may work to
excuse all or part of the obligations of one or both parties. For example, a
strike might prevent timely delivery of goods, but not timely payment for the
portion delivered. Similarly, a widespread power outage would not be a force
majeure excuse if the contract requires the provision of backup power or other
contingency plans for continuity.

A force majeure may also be the overpowering force itself, which prevents the
fulfillment of a contract. In that instance, it is actually the Impossibility
defense.

In the military, force majeure has a slightly different meaning. It refers to an
event, either external or internal, that happens to a vessel or aircraft that
allows it to enter normally restricted areas without penalty. A recent example
would be the U.S. Navy aircraft that landed at a Chinese military airbase after
a collision with a Chinese fighter. Under the principle of force majeure, the
aircraft must be allowed to land without interference.

Answered by π - Bookmark this User - Ignore this user
2 months ago - Report Abuse

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a healthy bag log with a proven/established customer is almost money in the
bank.
Except a force-mazure (sorry about spelling there) issue or circumstance.

Answered by π - Bookmark this User - Ignore this user
2 months ago - Report Abuse

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don't have to pay OT when the jobs are outsourced overseas

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i will answer your question 10 minutes

Answered by kabirm - Bookmark this User - Ignore this user
2 months ago - Report Abuse

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