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Strategies & Market Trends : Value Investing

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To: anializer who wrote (36731)	2/25/2010 8:13:54 PM
From: E_K_S	Read Replies (2) of 78743

UPDATE 1-Fluor Q4 profit falls, cuts 2010 view; shares drop Thu Feb 25, 2010 4:30pm EST * Q4 EPS 82 cents vs 88 cents expected by Wall Street reuters.com From the article:"... Fluor said in a statement that front-end activity indicated a recovery was on the way and expected capital investment to rebound "gradually" along with the global economy. "However, relatively lower new orders in recent quarters and continuing delays in the full release of major projects is expected to put pressure on 2010 earnings targets," it added. The company cut its 2010 earnings per share range by 40 cents at both ends to $2.80 to $3.20. Backlog continued to decline, down to $26.8 billion at the end of 2009 from $28 billion three months before...." ============================================================== With their 2010 revision at $3.00/share would make their forward PE at 14 vs 12.5 before the statement. Stock could sell down to $37.5 but I will probable nibble at some more shares if it drops below $40. The Industry PE is 14 so the after market sell off to $42.36/share reflects the current Industry PE "fair value". Anybody else looking to add shares? EKS

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