If this ever gets to court I would say that based on the evidence presented Fletchers would likely prevail and be vindicated. The possibility exists for Fletchers to even take defamation action to clear their name.
The major difficulty is that BGC is not cooperating with Fletcher to investigate the failures. That suggests to me that it is BGC rather than Fletchers that is "cherry picking" evidence, and it's inconsistent evidence at that.
In any event wheher FBU is a good buy depends on the overall profitability of the business, which does fluctuate over time. They have a lot of experience and a good historical reputation for completing successful major building and engineering projects in a number of countries.
FBU Price at posting:
$3.38 Sentiment: None Disclosure: Not Held
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