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    Bud Leedom

    Research Analyst at Private Investor

    Bud Leedom is a Research Analyst at Private Investor, specializing in coverage of companies such as Visionary Holdings. He has participated in earnings calls, engaging directly with management and providing analysis that reflects his focus on targeted equity research. Leedom's career history includes time spent in investment advisory capacities, notably associated with Leedom Asset Management, where he gained experience managing client portfolios and researching growth opportunities. His professional background demonstrates a commitment to diligent research and direct company interaction, though specific securities licenses or performance rankings are not publicly detailed.

    Bud Leedom's questions to Visionary Holdings (GV) leadership

    Bud Leedom's questions to Visionary Holdings (GV) leadership • Q3 2020

    Question

    Bud Leedom, a private investor, asked about the company's gross margin trends, questioning why current margins, while improving, are significantly below historical highs. He also sought to reconcile the 105% year-over-year increase in total backlog with the more modest revenue growth and inquired about the company's plans for the permanent leadership structure and the Co-CEO roles.

    Answer

    Acting Co-CEO and CFO Steve Wherry explained that the company now aims for mid-to-high teen gross margins, attributing past higher margins to occasional "home run" projects. He clarified that total backlog can span many years, making the 12-month backlog a better near-term indicator. Regarding the CEO role, he stated the Board is actively discussing the permanent leadership structure. Acting Co-CEO Jason Spivey added that the market is very competitive, which impacts margins.

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