hold my hand i'm dying, page-50

Graph tells the sad story and the funeral march plays in the background. Just 6.5 months ago Worley Parsons stood at $11.20. Mr Mkt looks at the complete collapse in energy/mining project construction and knows WOR employ 31,000 highly skilled well paid consulting engineers with very little to do. Nobody expects WOR to make a profit in FY16, instead its now a question will WOR be around this time next yr.

I don't know but the lesson is: If the macro is dead, the SP always follows. Look to invest in firms where demand is strong and growing. Not many but some selected industry sectors are enjoying strongish demand/growth. BAL and BKL spring to mind... but they are close to running their race. Look for others who have recently started. Look for companies whose income stream can be maintained even if another GFC eventuates.