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

To: Paul Senior who wrote (52977)	12/11/2013 6:39:47 PM
From: E_K_S	Read Replies (1) \| Respond to of 78753

Technip (TKPPY) -OTC Markets Ok thanks for the feedback. I too arrive at a forward PE of 15.8. The other peers like FLWT and CBI have a forward PE of 19. The compelling aspect of TKPPY is over the last three years they have acquired a lot of the pieces from other companies for building NG infrastructure specifically a division from Shaw in 2009. It looks like they have knitted together a division that can support the building of NG to LNG infrastructure facilities required to get the fuel ready to export/import. They can also supply the pipeline and gathering services. These services should be in high demand in both Europe and the U.S specifically for import/export terminals. They are also in 48 different countries so I see them moving big into this area around the world. My target price to begin buys will be $20-$22 area so w/ the expected 2014 earnings of $1.54/share a 14 PE would price the stock at $22.00/share. This idea came from a contributor on the mIRC #50gains chat thread and searching through some of the SI posts I did not see any comments. The company seems to have reinvented it's self and has a lot of similarities like CBI (that I used to own) and which Buffet is now a 10% shareholder. EKS