P87; "Looking forward to seeing how they procure the necessary workforce"
With unemployment on the rise, and a vast, established, highly skilled & mobile workforce hungry for new developments? Do you EVER do any actual research before you post?
"How much confidence do you have that these boys won't turn this contract into another dose of write down central?"
OK, I'll keep this simple, because it's been explained many times before, but you seem incapable of understanding it; Forge acquired another company with bad contracts, they themselves were not responsible for the fiscal problems of these companies! The Forge management's oversight was the thoroughly interrogate the books. Not their own books, but those of the newly acquired company, belonging to a that company's management team.
That is a completely different and quite separate issue than if Forge's own management were responsible for profit write downs or cost over-runs in regard to contracts they were directly responsible for. Look at Forge's exponential growth and consistently strong share price over the last five years, this is not a >$1 company, imo. As such, I would expect business to return to the previously good form as has been consistently demonstrated for many years, given FGE has plenty of work and a good management team with a proven track record.
Good time to buy, imo.
FGE Price at posting:
95.5¢ Sentiment: LT Buy Disclosure: Held
