IBI Group Inc T.IBG.DB.E

Industrials

IBI Group Inc. is a global design and technology company. The Company offers a range of services, including architectural controls, architecture, bridge engineering, civil engineering, construction management, data analytics, design technology, development engineering, economics/financial analysis, electrical engineering, energy solutions, engineering, environmental assessment, geomatics/land surveying, highway and road design, and indigenous engagement and relations. The Company¿s services also include interiors, land use planning, landscape architecture, mechanical engineering, municipal infrastructure, operations and maintenance, parametric design, placemaking, planning and urban design, public outreach, research and development, software development, systems engineering, traffic engineering, transit planning, transportation engineering, visualization, water resources management, and water/wastewater. The Company has over 60 offices in major urban centers across the globe.

TSX:IBG.DB.E - Post by User

IBI Group Inc

Bullboard Posts

Comment by nkbourbakion Mar 10, 2017 7:40pm

244 Views

Post# 25966729

RE:RE:RE:RE:RE:RE:RE:RE:RE:my take

I saw today that Raymond James downgraded IBI to "market perform" with a $6.50 target. Don't know the reasons as I don't have the report. but it seems very odd to me. I got the feeling on the call that at least one of the analysts didn't like management's 2.5% growth prediction for 2017. Of course I'd like if it was higher, but they telegraphed in earlier reporting periods that last year's growth was particularly buoyed due to a couple transportation contracts working through (e.g. Eglington). I personally appreciate them making reasonable forecasts that they think they can meet.

Trading in this stock has been strange as long as I've followed it. I distinctly remember it trading down heavily after VERY good news regarding their improved credit facilities.

Generally I'm okay with that... although in this case I was hoping for a solid jump so I can lighten up to a more rational weighting.

I wouldn't be too surprised to see it drift down for a while, and take a big swoon if the broad market corrects. I think there are still a lot of converted shares in some weak hands who will be looking for an exit now that a diviidend is off the table until 2019 at the earliest. Let's all hope the market proves me wrong (again)!

Bullboard Posts

Golden Minerals closes Yoquivo gold-silver project sale