SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: E_K_S who wrote (52978)12/11/2013 9:42:12 PM
From: Spekulatius1 Recommendation

Recommended By
Jurgis Bekepuris

  Read Replies (1) | Respond to of 78765
 
You will get the right metrics if you look for TEC.PA rather than the ADR ticker for Technip. Yahoo's numbers are screwed up because if the 3:1 ADR ratio (3 ADR's = one share TEC.PA). They do have impressive capabilities, but the big project business is tough. Apparently they have margin issues due to Euro (some of the cost is in Euro, which has been going up, but most contracts are in local currency or US$).

Considering the above, I would buy something like SLB or NOV before I consider TEC.PA. NOV trades at a lower multiple is a better business, imo.