Q: Hello Team,
Which would be your preference between wsp and are at this time and why>
Thank You,
Barry
Which would be your preference between wsp and are at this time and why>
Thank You,
Barry
5i Research Answer:
We would prefer WSP: it is far far larger and likely safer. It has a giant backlog. Its business is more diversified and its earnings history is far better and steadier. ARE has a higher yield, but has losses in the past two years. ARE has done very well and we do not dislike it, but WSP is stronger overall and safer. It is possible ARE has more upside potential due to its much smaller size, however. WSP is more than 15X as large as ARE.