macro v micro

It looks like POO will remain under $55 for quite a while unless something radical happens. Re oil you can never rule anything out, but obviously SKE's leap into marine/oil business was not well timed. On a micro level things appear reasonable as contracts are in place. But macro for all things Mining Engineering under the pump. POG is exception and may be a saviour.

So what to do? Hold/buy as revenue for 1Hfy15 looks ok... or stand back as macro forces are very powerful and margins will suffer? highish risk/smallish-moderate reward makes me stay on sidelines. But company not without merit.

After a substantial slide in SP, consulting engineers CDD blew-up yesterday. Made biggish acquisition into energy business in March 2014 and it's come back to bite them. CEO also disappeared.