Crowe Horwath gets its wings clipped

Another profit warning from this accountancy group has seen its shares almost halve since we cut it to Sell, but we still don't see an opportunity.

We noted that ‘things keep going from bad to worse’ at Crowe Horwath (formerly WHK Group) when we downgraded the accountancy group to Sell in WHK takes the ostrich approach 8 May 13 (Sell – $0.675). And with last week’s profit warning, they’ve just got a whole lot worse again.

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