Following on the coattails of the much discussed problems at Magellan (MFG) the engineering and mining services company CIMIC (CIM) saw its share price smacked over 14% on reports in the AFR of a looming wage scandal. The stocks been falling steadily for the last 3-years moving from one downgrade to the next and MM sees no catalyst to consider catching this falling knife even if on traditional metrics it looks cheap.
MM is neutral CIM at best
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