ferrets stock to watch: cardno limited, page-2

Thanks for the post Fig, this looks like a very lonely thread to be on but is a nice quiet respite from the mania over on the mining threads.

Cardno are certainly a company going places and have some good people, though they have their weak spots. Fortunately one was removed recently when the CEO of Cardno ACIL 'left'. ACIL was a top company in its sector before his arrival and in two years it went down the tubes. Cash was wasted on superficial 'corporate gloss' and some very good people with massive experience in this specialist area who didn't like what was happening were engineered out. They won hardly any bids during this time and it was hardly to Cardno's credit that their due diligence didn't reveal what was happening before they bought it. Now there is a new CEO in place who is ex AusAid; plenty of relevent experience on the client side but there might be questions about his commercial expertise. It will take a long time to get this company back where it was and it is uncertain yet whether the engineer based main company really understand the international development aid world.