TTEK has continued to trade with relative weakness in the past week. I think some research reports came out on TTEK late in the week that traders responded to very negativly. I don't know the details of what the content of the reports was but for now I am assuming it was mostly technical in nature. If any one on the board has knowledge of these reports I and others would be interested in your comments. We are approaching Q1 reporting season and while I haven't come across any info that would lead me to believe TTEK will have a problem, I still expect a nervous over all market during earnings season that could put more pressure on TTEK shares. I am still long TTEK and likely will acumulate more shares on further weakness. The relative weakness is conerning though because I haven't been able to dig up what the market knows that I don't. Good luck everyone.
TTEK is suffering from what all stocks are and will continue to suffer from- earnings multiple compression. Basically that means that any co. that hasn't been destroyed in this market (TTEK has held up relatively well in this bear market) has it's turn coming. I suspect TTEK will be trading around 10 by the end of the summer when the Dow will be around 6000 so selling now (long term investor or not) is a good idea. At the end of the day everyone needs to realize that all stocks are worth essentially nothing (slowly people are starting to realize that)- they don't do anything for you except say you own part of a company but in reality owning part of a company is meaningless unless the company pays interest on your invesment. This is why corporate bonds are the only company issue worth anything.
I agree, the stimulus probably won't impact earnings in a big way for at least 3 quarters. They aquired a firm in Canada and I have wondered if there might be some hiccups with that aquisition but I haven't come across any information on it. Just guessing you know. As you probably know TTEK does a fair amount of small "tuck in" aquisitions. I am not much of a trader so if the weakness is primarily technical I'm hoping the weakness will prove to be a decent buying opportunity for a two-three year investment. I see good demand for TTEK's services. I see low debt. I see a decent valuation relative to their ability/history of earnings growth. I see a lot of human/intelectual/expertise assets that I think would be tough for competitors to replicate. However, fundamental indicators are usually not especialy good timing indicators. Good luck.