Q: These E&C companies have been correcting for a while now - would you prefer either one and why and if so, a preferred entry point? Thanks!
5i Research Answer:
They are both on the small side, with similar performance and valuation. Today we would prefer BDT in the $21 range, with a slightly better growth profile. ARE has a better balance sheet, however. We would prefer WSP to either of these, getting safety in size in the $250 range.