RE:Profit Halved; Dividend Boosted 2.7%Revenue actually increased 5% if you remove the reduced revenue from the the road business they sold.
Earnings are 0.80$ this Q4 if you exclude the losses of 0.65$ per share associated to the LSTKs.
The question is are we about done with the REM, Eglinton and Finch considering most of the remaining 420m LSTK backlog is associated to the settled claims of the Gordie Howe Bridge. If about 120m remain on these, how much losses can we expect ? 60m, 120m or 180m more ? Means 1$, 2$ or 3$ per share. The we value the company based on earnings excluding the LSTKs and we reduce by those figures to complete. My humble opinion.