Agree that it is a well-run services company. Keen to see what's driving the price down? Skeletons?
My inquiries led me to conclude that it is an old-school construction/services company that is decently-managed, but not ambitious (note the high dividend payout ratio). Low debt, lots of cash in bank is always a good sign. Its (low) net margins are fairly typical of the industry.
I don't know if we will see spectacular growth in the engineering segment of the company, but certainly the maintenance side of things is stable. I think $10/share is the maximum I will pay for it at this time, unless I see some real signs of growth.
Keen to hear what others think?
Ann: Change in substantial holding from PDL, page-7
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Last
$12.53 |
Change
-0.140(1.10%) |
Mkt cap ! $1.224B | |||
| Open | High | Low | Value | Volume |
| $12.65 | $12.68 | $12.53 | $3.451M | 274.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 557 | $12.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.56 | 985 | 2 |
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