Who will be the next Carillion?

Industry-wide suicide bidding leaves many support services companies with barely acceptable levels of profitability… the similarities with Carillion are clear…. G4S’s debt and pension obligations relative to its profits are in the same ballpark as Carillion’s were just before it collapsed.

… John Kingham is the managing editor of UK Value Investor, the investment newsletter for defensive value investors which he began publishing in 2011… John is also the author of The Defensive Value Investor: A Complete Step-by-step Guide to Building a High Yield, Low Risk Share Portfolio.