It maybe true; but it is in consulting mostly; and so it will be a while till the economy get back in shape. Better hope that they past a temporary halt to the environmental impact studies on projects - it takes from 6 month for simple project to as much as 5 years for a nuke energy plant. A redesign of a highway intersection takes 18 months!
Disbursement of stimulus to any infrastructure projects? URS to benefit?
Really, how many permits for new nuclear reactor sites have been permitted in the last year? Stimulis money is sitting in banks and being invested in international currencies. As the dollar weakens, layoffs will be the primary mechanism that URS uses to improve its position.
Last qtr was a disappointments and the comment that "we're making investments in the last half of 09 to positon ourselves for the future ( paraphrased) is usually a hint that the next couple of qtrs will also be weak. Tday's decline on low volume is either caution or some numbers leaking i think. Buying that Denver operation surely won't help matters.