Post by
pierre55 on Oct 07, 2021 2:26pm
INVESTORS DAY 2.0!
Imagine Edwards announcing what Gabriel has been describing the last couple days, FNB doc. etc) :
1) in the next couple of months we are selling the remaining of our 407 asset
2) we will use the money to pay down debt/penalties and buyback shares (20M+). We will keep a cushion of 100M for any unexpected problems related to the completion of the LSTK
3) the remaining of the money will be used to aquire a company to increase revenues/expand
4) we are working with the CAISSE to accelerate the process of changing the name of the company to ATKINS WORLDWIDE (OR INTERNATIONAL OR WHATEVER)
5) and last but not least, I was hired to clean house of it's unglorious past and mistakes and my job is done here. I therefore I announce that I will be replaced by xwz charismatic, go-getter leader who's job will be to make ATKINS the greatest and most respected E&C company in the world.......
Today, October 7, the ps is would be trading between $40-45+ (I would of added 10K shares)
Talk about emulating WSP, JACOBS etc. Now your emulating!
Doing practically nothing for the next 2 years (begining 2024) until they complete the remaing LSTK projects is what most investors rightfully understood, hence today's ps!
If the two major private share holders are happy with that, who are we to complain!
Comment by
Megasupreme on Oct 07, 2021 2:53pm
Also, money is so cheap, why not sell some bonds and use the money for acquisition? Apple has tons of cash and they still borrow because they know it's like free money. Especially when rate goes up in the not so distant future.