Stuart Olson Inc CUUHF

Industrials

"Stuart Olson Inc is a Canada-based company. It operates in business segments that are Industrial Group, which offers services to clients in a wide range of industrial sectors including oil and gas, petrochemical, refining, water and waste water, mining, pulp and paper and power generation; Buildings Group, which includes construction, expansion and renovation of buildings for private and public sector clients in the commercial, light industrial and institutional sectors; Commercial System Group

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Stuart Olson Inc > Currently 2.95$

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Comment by wheeloffortuneon Aug 12, 2019 7:59pm

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Post# 30020121

RE:Currently 2.95$

I can't believe it either. They lost another $2.2m this second quarter. The board and execs are one big idiot farm and should all be fired! 8% divy is nice, but how safe is it if they keep loosing money every quarter? Idiot CEO has the nerve to say, "We expect to deliver year-over-year increases in contract revenue, adjusted EBITDA and net earnings in the second half of 2019, as we anticipate increased activity levels resulting from our geographic and sector diversification strategies. Our operating groups also continue to pursue a significant number of project opportunities", even though the place is running a net loss this entire year.

What difference does it make if revenue goes up when you're reporting net losses?? Start laying people off or charge more per sq. foot of construction and get the books in order. Absolutely ridiculous! Quit f'in over the shareholders, useless board. I didn't sign up for this!