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Strategies & Market Trends : Value Investing

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To: anializer who wrote (36731)	5/10/2010 10:35:56 PM
From: E_K_S	Read Replies (2) of 78730

Is FLR fully valued now priced at 15 PE. The CEO said "...prospects for new work were "substantial...". For the quarter the company received new awards of $3.4 billion and have a backlog of $25.7 billion. Fluor 1Q income drops on weaker oil, gas results finance.yahoo.com From the article:"...The company said revenue in its oil and gas segment, its largest business unit, plunged to $2.1 billion from $3.4 billion a year ago due to slower business awards and a decline in backlog. Industrial and infrastructure revenue rose 6 percent to $1.2 billion, while its government unit saw revenue jump 79 percent to $663 million. Revenues also increased in its power group, but global services revenue dropped 20 percent. Fluor stood by its 2010 outlook of $2.80 to $3.20 per share in net income...." ===================================================================== I like the company but think it is getting fully valued even with the stimulus money that should trickle through. The company does have a substantial "back order" book. I am thinking that Shaw Group Inc. (The) Common St (NYSE: SHAW) or Chicago Bridge & Iron Company N(NYSE: CBI) might be better propositions. I lean a bit more to CBI with their NG business. finance.yahoo.com What's the Value Board's consensus for FLR and the group in general? EKS

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