Monthly Archives: November 2016

Tutor Perini: Structural Issues Underestimated by the Market

Iceberg initiates coverage on Tutor Perini (TPC). The company’s issues are not restricted to the “unbilled”. Tutor Perini has an impressive number of structural problems that, we believe, are underestimated by the market. Summary of findings: Tutor Perini (“Tutor”) is a $1.5b market cap company, but it has recorded only $3m in operating cash flow (“OCF”) […]