Q: Hi Peter, several years ago I held a stock that a short position was taken on it and it fell because of that and I lost money due to that. Now I heard that a similar "short" was put on WSP so to avoid a similar situation as before I sold my 40 shares but this time at a profit. In this case the shares aren't acting the same or not yet that is. Was it a mistake, did I over react or is the short warranted. How do you know who to trust. Thanks
5i Research Answer:
We do have several comments on the WSP short report posted in the Q&A. We do not like 'reacting' to such reports as of course that is exactly what they are designed to get investors to do. WSP is not perfect; but it has grown very nicely and executed itself well over the last 15 years. It has made investors lots of money. The short interest is actually quite small, and we believe in the long term potential of the company. The only thing to really trust is the numbers. Cash flow and earnings per share have grown nicely.