Water infrastructure company Layne Christensen (NASDAQ:LAYN)
has been a hurry-up-and-wait story for a while now, and while there
have been some encouraging signs of life in parts of the business, there
is still a lot work ahead of the company. I do believe the shares look
undervalued on a long-term basis, but this company has disappointed a
lot of investors over the years and the departure of the CEO, CFO, and
chief accounting officer in quick succession make me nervous, as does
the company's ongoing leverage to highly competitive, lower-margin
businesses.
Follow this link to the full article:
Layne Christensen Bumping Along The Bottom
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