Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Profit warnings are never good for a company, but they also often cause an over-reaction and give investors a chance to buy at a bargain price. This may well prove to be the case with infrastructure services company Balfour Beatty (BBY). The company issued just such a warning a couple of weeks back and saw its share price drop from around 285p, before settling at the current level of 223p. Is now the time to swoop on this weakness?
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