https://www.copyright link/by/liam-walsh-h1dpl9
This guy has been writing gibberish about Cardno for years. I suspect he's linked to a few disgruntled former executives who are probably responsible for half the firms troubles to start with. My take is, sure there has been problems and some own goals, their Australian business has a few remaining issues to deal with. Two year resets and gibberish in annual reports doesn't help, they have been doing APAC restructuring since 2014. However, the spread of work, performance of the US business and doing more than your promised is a real plus. A few holders want dividends but they had half a brain they would understand there are no imputation credits to be had, so much better to reinvest back into the business. I think it's a sound concept and agree this is way undervalued. They will get snapped up at some point and that will be a good day for holders.
News: CDD Cardno Sees Fy21 EBITDA In Range Of $40 Million To $45 Million, page-4
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