Q: Do you think WSP can be bought here? Will it be affected by tariffs to any extent?
5i Research Answer:
We think investors could 'accumulate' as opposed to buying all at once. WSP has a large backlog and will get through this downturn. It should not be directly impacted by tariffs but costs on all projects will increase (this will be built into contract pricing) and a general slowdown may hurt growth. The company may also be less likely to win US business if a "buy USA" sentiment prevails.