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Tetra Tech, Inc. Message Board

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  • res02g5p res02g5p Mar 28, 2009 12:25 PM Flag

    Continued Weakness

    I don't know anything about current reports but I share your concern. This stock is very weak and technically looks like it going down alot more and the reasoning excapes me.

    Maybe the stimulus money is too far out there for the market to care about and the shorts are planning on having a feast for now.

    The shorts are off to a good start. Were down 20 percent so far from the recent $26.00 high less than two months ago.

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    • 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.

29.40-1.24(-4.05%)Apr 29 4:00 PMEDT