Pluses- 2Q 09 numbers appeared to be quite good. Management claims the economy is at an "inflection point" which historically is good for the company, thus the near future looks profitable. FTI's fundamentals appear to make it at least equal if not better in value to its peers. Concerns- HURN's acc'ting irregularities creating uncertainty about FTI's books. When the subject was raised during the CC FTI quickly gave a general response which some took as perhaps creating more suspicion. Questions-Is there any real evidence of acct'ing irregs. for FTI? Are there any other factors justifying the 24% PPS drop? If the answer is no to these questions, wouldn't FTI seem at least a little undervalued? Thanks for any insight you might give.
As I recall, James Cramer commented on FTI Consulting after its stock price fell along with Huron's stock price. Mr. Cramer claimed that the drop in FCN stock price was not justified since FTI Consulting did not share the same problems as Huron. Unfortunately, short sellers do not listen to Cramer. I think that a good quarterly earnings report and positive future outlook will drive the stock price higher.