Q: Hi
It does not appear that their earnings were bad, yet the drop seems harder than I would expect with a consolidation - but I'm probably just overly nervous whenever I see a 4% slide on a company I believe is usually a very stable holding. Is it possible shareholders are dumping over concerns that the US government shutdown will hold things up for WSP?
Back on Sep 1st, Alexandre L'Heureux was recorded as follows on Bloomberg:
"Alexandre L’Heureux says that so far the halting of government services and permitting has had a “minimal impact” on the Montreal-based company, which has a big presence south of the border.
But he says the entire engineering and construction industry will suffer if legislators fail to reach a deal and resume federal operations soon."
However this statement is a long time ago, so I am not sure it is having any affect today.
Thanks!
D
It does not appear that their earnings were bad, yet the drop seems harder than I would expect with a consolidation - but I'm probably just overly nervous whenever I see a 4% slide on a company I believe is usually a very stable holding. Is it possible shareholders are dumping over concerns that the US government shutdown will hold things up for WSP?
Back on Sep 1st, Alexandre L'Heureux was recorded as follows on Bloomberg:
"Alexandre L’Heureux says that so far the halting of government services and permitting has had a “minimal impact” on the Montreal-based company, which has a big presence south of the border.
But he says the entire engineering and construction industry will suffer if legislators fail to reach a deal and resume federal operations soon."
However this statement is a long time ago, so I am not sure it is having any affect today.
Thanks!
D
5i Research Answer:
The earnings were decent; however the CEO did today say that if the shutdown lasts another month...