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Re: SSKILLZ1 post# 92179

Thursday, 11/04/2021 8:29:12 AM

Thursday, November 04, 2021 8:29:12 AM

Post# of 114134
TPC - Tutor Perini should be bought on earnings weakness, says B. Riley

TheFlyontheWall.com - Nov 04 08:26 EDT


B. Riley analyst Alex Rygiel recommends buying shares of Tutor Perini on the weakness post the "disappointing" Q3 results. Revenue and margins continue to be impacted by product timing and limited new awards in the prior periods due in part to Covid impacts, but new awards were strong as Tutor added $2.1B in the quarter resulting in $8.4B of backlog, up 12% sequentially, Rygiel tells investors in a research note. He believes 2022 could be a "very strong year" for the company.

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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