IES is a company whose cash flow is and continues to remain extremely strong. And the margin on our work increased during the last eight months, and that was without a great deal of bonding help.

I really view this as a positive event for this company and the 9,000 employees we have.

There was a strong signal from gearing at just 13 percent and strong free cash flow generation in Q4, and that's the reason why the share bounced back.

[She] continues just to be incredibly strong. Loves to rebound, can run the floor extremely well, and this year she's added more of an offensive dimension. She's just a little more offensive minded this season.

If this continues, you'll have demand outstripping supply over the next five years by a wide margin.

With strong positive free cash flow, debt can be retired, new products developed and dividend payments increased.