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Tetra Tech Inc. Message Board

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  • windy_cooler windy_cooler Mar 29, 2009 3:28 PM Flag

    Continued Weakness

    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.

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