Time to buy the dip in Downer EDI?
Downer EDI (ASX:DOW) revealed an unexpected earnings downgrade and revelation of accounting irregularities in early December. This sent the shares plummeting to near 3-year lows. We recently researched DOW in The Dynamic Investor to assess whether the shares were oversold. Overview of Downer EDI Downer EDI is a services company focusing predominantly on the maintenance of infrastructure, such as roads, railways, telecoms and utilities. Following a recent restructure, the Company has largely divested its prior mining exposure and is transitioning …