Is Downer EDI (ASX:DOW) Cheap as It Shrinks Its Share Count?
Highlights The infrastructure services group keeps retiring its own shares through an on-market capital return program Margins improved in the latest full-year result, yet the share price sits near the lower end of its yearly range A defensive contracting model suits a session when rate worries are pushing money toward steadier earners Downer EDI (ASX:DOW), the Melbourne-based contractor that looks after roads, rail, power networks, defence bases and urban services, has kept chipping away at ...
