During the last conference call they talked about the large number of 'Shovel Ready" projects they had, could they have gotten some of these? Is this why they are hiring? Will they announce these new projects at this qtrs conference call? In any case I think this company is in the perfect spot to do very well, they are already well connected with both federal and local governments which seems to be where the growth is going to be in the next few years.
I have been working for Tetra Tech for three years now and have been buying their stock for about a year. The part of the company I work for deals with government contracting, which has not been affected by the economy. In fact, I've been busier the past few months than any other time in the past few years.
Other parts of the company that deal with wind and solar energy are really taking off and their is quite a nice buzz. There has also been word that TT is in a great position for stimulus work, which was mentioned during the last call.
I agree with you guys. I think I read somewhere last quarter that TTEK was expecting federal spending to be strong but state and local projects not as good. Municipality spending on projects weak. This makes sense because state and local has to usally issue bonds to finance the projects. The debt crisis has blown a big hole in the economy and the feds are trying like crazy to fill it with government spending. I still think those of us that hold TTEK are well positioned to benefit from the government spending. I think the market will come around to our way of thinking over the next few months. I'm not too worried about Q1 earnings for TTEK but the over all market it a different story. I'd love to buy more shares on weakness. Good luck guys.