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

To: Paul Senior who wrote (41774)	7/14/2011 10:05:39 AM
From: E_K_S	Read Replies (2) \| Respond to of 78526

Re: Chicago Bridge & Iron Company N.V. (CBI) CB&I Awarded Gorgon Project Contract - Contract Has Estimated Value of US$2.3 Billion finance.yahoo.com From the article:"...CB&I (NYSE:CBI - News) announced today that Chevron Australia Pty Ltd has awarded CB&I a contract for the mechanical, electrical and instrumentation work on the Gorgon Project on Barrow Island, Western Australia. The contract has an estimated value of US$2.3 billion and is scheduled to be completed in 2015....". --------------------------------------------------------------------------------------------------------------------------- I was thinking of selling this one w/ the possibility of a slow down in world economic growth but this contract (one of the biggest LNG developments in the World) provides a good reason to hold for another 24-36 months. Their forward PE is at 14.6 and could come down based on the different projects they have in their backlog. Also, LNG infrastructure spending should continue w/ all the recent shale development. I won't add shares at the current level but I am glad I stepped up in June 2010 and bought shares at $17.83/share. Stock should have a chance to reach it's $50.00/share target price in the near future especially winning this new contract. EKS

To: Paul Senior who wrote (41774)	11/3/2011 5:15:19 PM
From: E_K_S	Read Replies (1) \| Respond to of 78526

Chicago Bridge & Iron Company N(NYSE: CBI)- peeled off a few shares MDU Resources Group, Inc. Commo(NYSE: MDU)- peeled off higher priced shares w/ small profit CoreSite Realty Corporation Com(NYSE: COR)- peeled off higher priced shares w/ small profit finance.yahoo.com All sales today raising cash. CBI is near the top of my value range. With the way FWLT traded (sell first buy value later), I decided to peel off a few shares and book my gain on 50% of my position. Sold higher price shares in MDU and COR to book a small gain. I doubled up (and more) on both at lower levels. It looks like one buys the dips and sell the rally building a longer term position with low cost basis. That is why you buy on the way down, let the dust settle and then sell the higher priced shares leaving the lower priced shares as the "value" holds. This type of trading doesn't produce the multi bagger gains so I still plan to sit on a portion of my good value buys. EKS