Inquiring minds want to know how much of this $5.3B backlog is inherently unprofitable given the current loss making with several high profile projects. There is not much confidence that much of this business will generate adequate ROI.
I just don't see the catalyst that things will change here.
I was thinking of adding to my current shares, but have now backed out. Can anyone provide a bull case scenario, aside from saying we're trading at a multiyear low?