WorleyParsons profit downgrade

WorleyParsons has just announced a profit downgrade that's sent the share price down to levels not seen since March 2009. I thought it would be worth republishing what we said earlier this year to see if anyone has any thoughts. 04 Jun 13 ISSUE 369 STOCKS IN DETAIL Avoiding mining services (for now) Nathan Bell explains why we’re prepared for even lower share prices in the mining and engineering services sector. BY: Nathan Bell, CFA READING TIME: 12 mins 4.24.259 VOTES 16 Comments Company ASX Price at Review Current Price Change since review Our View Monadelphous MND $16.11 $17.02 5.65% Avoid UGL UGL...

WorleyParsons has just announced a profit downgrade that's sent the share price down to levels not seen since March 2009. I thought it would be worth republishing what we said earlier this year to see if anyone has any thoughts.

16 Comments

Prices correct as of 2:02 PM, 20-Nov-13. Price data provided by Paritech Pty Ltd

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