I am in the same field as part of Cardno's business.
I am musing if their journey of a decade of acquisitions is failing to gel and if so is mirroring former high flyer Coffey?
I compete with part of Cardno's operations and imo they have undertaken some expensive acquisitions near the top of the cycle. Conditions deteriorate, work dries up, competition is relentless, margins evaporate.
Dex
$1 on the card-no, page-22
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