Research Feed
MYRG: The Dog That Didn't Bark - Flat Backlog While Peers Surge on Data Centers
MYRG trades at 41.3x P/E (premium to peers) while posting +0.8% QoQ backlog growth. Every electrical contractor peer is printing record data center orders (+50-200% YoY). Management talks extensively about data centers but numbers don't match. Three scenarios: (1) losing market share, (2) different