Construction King Returns to Profit, while its Cash Pile is Tall and its Future Looks Brighter
By Malcolm Stacey | Friday 19 August 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Moochers. Balfour Beatty (BBY) is a household name in the construction game. And, like all constructors, it took a nasty hit with Covid. But now its profits are almost back to pre-pandemic levels. Though in the first six months of 2022 revenue was slightly down, profit, the much more important number of course, improved significantly.
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