2018: the year of the EML, page-5

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.