Layne Christensen (LAYN)
has never been an easy stock, and a variety of problems in recent years
hasn't made things any easier. This was always an unusual resources
conglomerate, with operations in water, minerals, and energy, but a
corruption scandal, downturns in the market, and an inefficient
corporate structure have made the situation even more challenging.
Though I can see a viewpoint whereby these shares may be undervalued, I
think the company is looking at some challenging end market conditions
and a lot of internal heavy lifting - Layne Christensen is, I believe,
getting better, but it's operating environment is getting worse.
Please read the full article here:
Layne Christensen Still Clear As Mud
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