Slump in oil price hits WOR, page-95

wor is still overstaffed with increasingly fewer projects on the market. Redundancy costs will increase and dividend will likely be cut for next fy, imo. It's biz model is now challenged, and this is structural. For a consulting firm, its real assets are its people and when it starts shedding staffs by record number in the face of diminishing work, it really has very little asset, maybe apart from the leases that they still hold for who knows how long.. =)
However, it's your money, so it's your choice! I am just warning the moms and pops to stay away. I am surprised that heads (from management) have not rolled yet. Many resources companies have reacted to the lower commodity price environment by cutting the size of the board, but again, I guess wor management is making the 'tough' decisions to let its engineers go first before its fellow buddies. A SELL for me!
Sorry gttrain, might be better to take loss and allocate your capital elsewhere. The financials for FY16 will not be pretty.