Q: Byd continues to fall. Its P/E is high and EPS low. Is there a better stock out there in the same sector that you are more comfortable with or do you see a turn around soon? T Steve
5i Research Answer:
BYD is in the industrial sector of the TSX. While we would consider it 'OK' it still has its challenges. We would have more confidence in WSP, mainly due to its strong execution, good management and large backlog (which provides growth visibility). STN would be similar. BYD needs a catalyst to see improvement, and 'soon' may be a bit too aggressive here for a turnaround.