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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (40506)12/9/2010 10:52:59 PM
From: MikeS97707  Read Replies (1) of 78744
 
TPCS continued...

>>>>This pretty much means that "Costs incurred on uncompleted contracts, in excess of progress billings" is like inventory or AR and its expansion is not a positive.

I think work-in-progress inventory is probably the best comparison. The product is being built to a customer order but contractually can't be billed yet. I suspect that we will see that number drop back down in a quarter or two because I think it might represent a part of a large project.
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