TSX:WSP - Post Discussion
Post by
retiredcf on May 29, 2022 8:07am
Another View
A few lurkers here but no one else has posted in over 3 months. Will post this one but not much point in continuing to talk to mysef. GLTA
WSP's performance continues to badly trail the index. YTD it is trailing by approx 20%. Any thoughts?
WSP has had a premium valuation for some time, due to consistent strong performance and reliability. Now, in a weak market, investors are reconsidering its valuation at 24X earnings. But a weak market does not make a company weak. Growth looks good, its last quarter was fine, and it has a good backlog and OK balance sheet. We would be comfortable holding this. (5iResearch)
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