Here we go again
by Max Fawcett, Managing Editor
As far as bad corporate omens go the unexpected resignation of a leading executive is near the top of the list, and last Friday Toronto’s Aecon Group provided more evidence to that effect. Less than two weeks after Scott Balfour stepped down as the company’s President, a position he’d held since 2005, it issued a warning that fourth quarter results for 2010 would be dragged down by an operating loss of between $56 and $59 million (before taxes) that it would have to take on the work it did on Suncor’s Firebag 3 project. The stock, not surprisingly, tumbled more than 10 per cent on the day. >








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