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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (87283)8/27/2007 4:20:29 PM
From: Les HRead Replies (1) | Respond to of 306849
 
Boom of condo crash loudest in Miami
The pain is acute here but unbearable in S. Florida.

orlandosentinel.com

DEFAULT LINES
Condo Troubles
Further Squeeze
Property Lenders

online.wsj.com



To: Les H who wrote (87283)8/27/2007 4:50:48 PM
From: patron_anejo_por_favorRespond to of 306849
 
Heebner is the MAN, the greatest fund manager in America. As this chart shows, he's punked that beeotch Billy Miller (especially during the bear years):




To: Les H who wrote (87283)8/27/2007 5:12:35 PM
From: Les HRespond to of 306849
 
Foster Wheeler (a Heebner pick)

The company builds oil refineries, gas facilities and petrochemical plants, and it supplies boilers and other power equipment to utility companies. Milchovich focused on high-margin contracts and reduced the corporate staff at headquarters in Union Township from 375 people to around 80, according to Kaplowitz.

"They have a strong management team and a back-to-basics approach on contracts," Kaplowitz said. "They also focused on the customer and leaning out the corporate structure."

The results have been paying off. The company now has around $200 million in debt and a share price in the high double digits after record profits in 2006. And Foster Wheeler is on track to beat last year's results, despite reporting lower earnings yesterday because of a reserve taken for an old project in Ireland.

"The company had an all-time record year in 2006, and we are at a pace to be significantly better in 2007 and set another record," Milchovich said during an interview. "What matters is the earnings we deliver.

"There are people who have been here 30 years who have never seen (energy and power plant) markets this strong."

Kaplowitz, the Lehman Brothers analyst, expects the company to earn $6.15 a share this year, up from $2.83 last year, and $7 next year. His price target on the stock is $126.

nj.com