Lares Capital
Hedge fund manager, small-cap, long/short equity

Should Sterling Construction Company Be Given Another Chance?


"Betteridge Law Of Headlines" stipulates that a question in an article headline with a question mark should be answered "no." Usually, the author is not sure about the article thesis, or even suspects it's false, and wants to leave an "out" by questioning his or her own headline. For example, "Could a new miracle drug make you look 20 years younger?" (no!).

In a contrarian spirit, I will break this tradition and will argue that the answer in this case should be a "yes," despite a poor track record of the management overpromising and underdelivering as well as conveniently blaming its predecessors. After all, the payoff, if the management finally keeps its promises, could be tremendous.

The story of...

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