Stantec Earnings Off
Stantec (STN.TO) is a global provider of consulting services in the area of infrastructure engineering. Its services are offered through more than 170 locations in North America and four locations internationally
We added STN In December 2014 at $33.20 and have since collected 1 ½ yrs worth of dividends (around $0.73).
STN announced disappointing earnings that confirm a break in the long term trend of rising earnings. At Purple Chips, we don’t guess where earnings are going, our disciplined approach tells us to exit if we see a break in the earnings trend. Based on the above, we exited Stantec and will stand aside until we see earnings turn positive.
EXITING STANTEC AT $30.50 (STN-TO) FULL POSITION
TOTAL RETURN (including dividends): -5.9%
