Life hasn't been easy for companies that make their living off of municipal infrastructure spending, but Layne Christensen (LAYN) has still managed to "out-struggle" the likes of Mueller Water Products (MWA) and Aegion (AEGN)
when it comes to overall performance. Granted Aegion and Mueller are of
limited comparative value given the differences in business mix
(particularly Mueller), but the point stands that Layne is struggling to
find its way to profitability in the current environment. Management
continues to tell an optimistic story of future success, but it takes
pretty bullish expectations about the future to make these shares look
appealing today.
Read more here:
Life In The Slow Layne
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