News: WOR Worleyparsons awards PMC services contract by Manaseer Group, page-8

"I've lost complete confidence in the direction taken by the current CEO, as have most of the long termers."

Which is why the stock is trading at $11, and not $30.

And which is also why a new set of long-termers, one in the form of Dar Group, are circling the company, ready to pounce.

Because they understand that WOR's operating margins are today half of what they were a few years ago and that, even if those margins can only be partly restored, then the earnings uplift will be dramatic... even without any recovery in demand fr WOR's services.

And when that cyclical recovery in demand does indeed occur in coming years - as we know it will - then the resulting earnings and cash flows will dwarf WOR's current level of profitability.

And industry incumbents, like Dar Group, which thinks and operates in time frames that are lot longer than those of stock market participants, understand all that only too well.