Subject category:
Finance, Accounting and Control
Published in:
2001
Length: 21 pages
Data source: Published sources
Topics:
Construction; Engineering; Turnaround; Cash flow; Debt; Strategy; Working capital; Divesture
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Abstract
Stone & Webster, an engineering, construction, and consulting corporation, has been in business for over seventy years. But despite many years of prosperity, the company has fallen on hard times selling off or putting up for sale several of the firm''s assets including its downtown Boston headquarters. Further complicating matters, in January of 2000, the stock price was trading at $19.125. But just six months later, following two quarters of disappointing financial results with an operating margin of (2.8%), the stock had dropped to a low of $.45. If a re-structuring plan is not implemented quickly, the company faces the ultimate decision of whether or not it will have to file for bankruptcy protection.
Subject category:
Finance, Accounting and Control
Published in:
2001
Length: 5 pages
Data source: Published sources
About
Abstract
Stone & Webster, an engineering, construction, and consulting corporation, has been in business for over seventy years. But despite many years of prosperity, the company has fallen on hard times selling off or putting up for sale several of the firm''s assets including its downtown Boston headquarters. Further complicating matters, in January of 2000, the stock price was trading at $19.125. But just six months later, following two quarters of disappointing financial results with an operating margin of (2.8%), the stock had dropped to a low of $.45. If a re-structuring plan is not implemented quickly, the company faces the ultimate decision of whether or not it will have to file for bankruptcy protection.
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Subject category:
Finance, Accounting and Control
Published in:
2001
Length: 5 pages
Data source: Published sources