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

To: E_K_S who wrote (37862)	5/11/2010 8:27:14 PM
From: anializer	Read Replies (1) \| Respond to of 78728

Good evening to you EKS I sure wish I new how to answer your question of a selling point, but honestly I haven't thought that far ahead on FLR. It seems to me if you click on the chart below once you open it, it's quite clear that the decline from 90's to 30 represented a major low. The retest in March was classic. Now its all a matter of time and nutty volatility. I guess a good run in the stock would interest me as a potential seller. i40.tinypic.com My view is not really metric based, and for all I know it could approach 43 again in an environment such as this. But since the Nov 08, March 09, Dec. 09 and other interim lows since then it has built a series of higher lows. This against a backdrop of earnings reports that have been somewhat disappointing. The Co. has a good ROE, sells at a fraction of calculated enterprise value, and has a love affair with institutional investors who seek the highest quality Brand names in the sector. In the long run FLR has participation in so many areas, including the nuclear energy segment that I just feel it will work out. It's well managed, makes money during difficult contractions, and if results begin to improve this year and next demand for the stock could get a boost again amid tangible evidence of a recovery in contract backlogs. It's just more a sentiment and feeling than specific reasoning for me. I'd be more interested in buying a decline into the lower 40's than selling at 50. Maybe down there some long term deep in the money leaps would make a nice addition if premiums weren't excessive. Nearer term I thing the market has some testing to do and my perception is not much will buck the overall market movement until some footing has been restored.