Pluses- 2Q 09 numbers appeared to be quite good. Management claims the economy is at an "inflection point" which historically is good for the company, thus the near future looks profitable. FTI's fundamentals appear to make it at least equal if not better in value to its peers.
Concerns- HURN's acc'ting irregularities creating uncertainty about FTI's books. When the subject was raised during the CC FTI quickly gave a general response which some took as perhaps creating more suspicion.
Questions-Is there any real evidence of acct'ing irregs. for FTI? Are there any other factors justifying the 24% PPS drop? If the answer is no to these questions, wouldn't FTI seem at least a little undervalued?
Thanks for any insight you might give.