Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: E_K_S	6/29/2011 10:45:28 AM
	Read Replies (1) of 78744

Re: Shaw Group Inc. (The) Common St(NYSE: SHAW ) - Stock Off 10% on Unexpected Q3 Loss. "...Shaw Group swung to a fiscal third-quarter loss as the company recorded a $48.1 million impairment to account for loans made to a project in South Texas and increased costs on an energy and chemicals project also hurt results. Shares dropped 14% to $27.75 in premarket trading as the latest results were worse than expected and the company issued a weak outlook for the current quarter and next year....". ----------------------------------------------------------------------- Looks like a company specific issue w/ a bad loan on a project. Stock off more than 10%. My last transaction was 9/2010 at $33.48/share to close out my position. Company has over $19.7B in back orders. Will watch to see how far the selling goes. I continue to hold Chicago Bridge & Iron Company N.V. (CBI). Forward PE at 13.48. Their business remains strong. Stock can move 26% higher before it reaches fair value IMO. Stock up 4% perhaps on Shaw's weak report. EKS FWIW- E&P Basket finally turned positive up 1.5% from inception. It seems like the value buyers are nibbling at shares in these small cap companies again (SDCIF up 6%, MHR up 5%, AXAS up 4%, LEI up 3%, SSN up 2%).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next