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Gold/Mining/Energy : FLUOR Flour (FLR) -- Ignore unavailable to you. Want to Upgrade?


To: Ron Dior who wrote (1)10/31/1997 1:24:00 PM
From: Keith Fauci  Respond to of 29
 
I'm thinking about averaging down in here. Recently bought in at $50



To: Ron Dior who wrote (1)11/3/1997 3:51:00 PM
From: Keith Fauci  Read Replies (1) | Respond to of 29
 
With today's drop to $35 this gives FLR a 98' pe of about 15 on the high side. This includes reducing earnings to $2.30 for 1998. Their growth rate is around 15 %. I believe this provides a good area to average down at. Acording to this page FLR is trading at the bottom of it's historical 5 year range as measured by price-to-book, cash flow,sales.

etrade.com

I believe it is a safe place for $ in this top heavy market.