RE:Re impairment chargeLooking through histrocial data for this company and came across some interesting news. Last project that they ran over and had to tap the reserve was the job in BC place.
They sent out a press release April 21 2011, predicting an after tax loss of 25M for Q1 (Trading at $8.48). 6 Days later they put out there financials and reported a loss of 39.7M as well as another loss in Q2 of 5.8M attributed to cost over run at BC Place. (Trading at $4.92)
Do your homework people. I wont be touching this one until I see the financials, I've read it looks like there ATL stadium project in the globe and mail - I expect you will see a bigger loss in the near future.