I can only give my personal assessment but my enthusiasm for LEI...

I can only give my personal assessment but my enthusiasm for LEI has taken a beating lately.
Work in hand of $36.6 billion and revenue up by 37% but results impacted by asset writedowns etc doesn't fully explain why the profit was so low on such huge contracts and revenue streams.
Are some of these contracts unprofitable or have costs got out of hand or is there something else? The price in my opinion has been pumped and over brought and I am wary of LEI at the moment.
Long term the future should be bright providing costs are controlled and prudent management is exercised, but short term we are in for a bumpy ride.