AEGION CORPORATION (NASDAQ:AEGN)
CAPS Rating:
The Company is a worldwide provider of proprietary trenchless technologies for the rehabilitation and improvement of sewer, water, gas and industrial pipes.
The Company is a worldwide provider of proprietary trenchless technologies for the rehabilitation and improvement of sewer, water, gas and industrial pipes.
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Recs
Down 9% on the news they are offering more shares, 9 million to be exact, which is about 33% of what is currently outstanding. I understand this is bad news for EPS numbers, but at the same time it will give them significant amount of cash to operate, and keep a strong balance sheet. The acquisitions should strengthen their role in the market. And everyone needs to move water and energy thus they will always be in demand. I like this one at these levels, it held through the whole bear market, I got out at $20, now I must say I think this is a great place to get in.