CDD 1.67% 29.5¢ cardno limited

Nearly $800 Million in write downs and counting in the past 5...

  1. 695 Posts.
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    Nearly $800 Million in write downs and counting in the past 5 years. My criticism is they are way to short sighted, if you have no engineering business in the US how do you grow? It's almost impossible for me to fathom how they can't make money in an engineering business. All my partners make 15% (plus) EBIT

    How can you spend $1 Billion on acquisitions and end up with $200 Million in value and at the same time ruin the existing business you have?

    Strategically they are a decade behind and have already flogged off anything of longer term strategic value. I don't know why I bother commenting here but I see no value in Cardno, there is no upside.

    I have no confidence in their management teams and if you look at the personalities it's the same people in positions of power for the last 5 years, just musical chairs.

    Kodak of consulting
 
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