FTI Consulting (FCN)

Add a New Bears Reason Company: FTI Consulting (FCN) Current price: Headline: (100 character max) Analysis: Cancel 0% agree 0 votes   No real economies of scale when you grow Top Contributor: Z K | Created when NYSE:FCN was $59.84 | Edit | History FTI Consulting has not demonstrated the ability to truly realize economies of scale as it has grown. As evidence, Selling, General and Administrative (SGA) expenses as a percentage of total sales has been trending upwards over the last five years. (100 character max) Cancel 0% agree 0 votes   Lots of debt Top Contributor: Z K | Created when NYSE:FCN was $59.84 | Edit | History For a human capital business, FTI Consulting maintains an extremely high debt/capitalization ratio (about 50%). This leverage is over five times greater than the industry average (about 9%). (100 character max) Cancel 0% agree 1 votes   Growth by acquisition model is inherently risky Top Contributor: Z K | Created when NYSE:FCN was $59.84 | Edit | History Successful integration of acquired businesses is fundamental to FTI Consulting's growth strategy. FTI has experienced some trouble integrating new consultants, especially on the international level, which has led to significant variability in consultant utilization rates. (100 character max) Cancel

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