Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Case
-
Reference no. 201-008-1
Authors: John Sullivan (Boston University)
Published in: 2001
Length: 21 pages
Data source: Published sources

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.
Location:
Size:
Large

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.

Settings

Location:
Size:
Large

Related