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

To: E_K_S who wrote (48940)	7/30/2012 9:13:17 AM
From: Mike K	Read Replies (1) \| Respond to of 78749

Don't like this at all. CBI is the best of the E & C companies while SHAW is one of the worst. CBI paying too much.

To: E_K_S who wrote (48940)	7/30/2012 11:07:16 AM
From: Paul Senior	Respond to of 78749

CBI: I'm still there with it with buys from 3/10, 6/10. A questionable acquisition at what may be a premium price: "CB&I will pay $46 a share in cash and stock, according to statements today by the companies. That’s 72 percent more than Shaw’s closing price July 27." And it's going to be different this time(?): "Both companies were counting on a nuclear renaissance that has yet to materialize and, as construction partners of the first new nuclear plants in a generation face costly penalties if the projects are dogged by the ballooning costs and extensive rework that plagued U.S. nuclear construction during the 1970s and 1980s." bloomberg.com