One might imagine there is a "moral sapping" component to all this too ... I am sure a significant portion of staff, particularly senior staff, have seen their wealth diminished over the past couple of years ... and it appears there is more pain in sight.
My own company competes with Coffey in some of their revenue areas and can provide specialist services in some of their others (a tricky space to be lol) ... they are always formidible ... at present and for a few years to come eastern seaboard infrastructure project work is there for the taking at good rates for well resourced and/or postioned companies ... Coffey should do well in that area imo.
Cheers Dex
COF Price at posting:
78.7¢ Sentiment: LT Buy Disclosure: Not Held