Agree, the US shale Oil & Gas play will hurt them badly this financial year. I guess that is a reason behind the CEO departure no doubt. Cardno better off stick to their traditional engineering markets where they knows best.
A strong candidate for shorting until you see the mid $2.0, or when the new engineering CEO is found, whichever comes 1st...
CDD Price at posting:
$2.90 Sentiment: None Disclosure: Not Held