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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: anializer who wrote (36731)	2/25/2010 8:13:54 PM
From: E_K_S	Read Replies (2) \| Respond to of 78740

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

To: anializer who wrote (36731)	5/10/2010 10:35:56 PM
From: E_K_S	Read Replies (2) \| Respond to of 78740

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