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

To: Jurgis Bekepuris who wrote (54801)	1/16/2015 4:23:05 AM
From: Elroy	1 Recommendation Recommended By ekimaa Read Replies (1) \| Respond to of 79000

And I was serious that the biggest threat to V-shaped recovery is global recession. Have you seen the inflation adjusted price of oil chart for the past 30-40 years? It makes oil above $50 look like the outlier, not the normal. I have no idea what is the correct price for oil, but it has spent more time close to inflation adjusted $30 than inflation adjusted $100 in the past 30-40 years.

To: Jurgis Bekepuris who wrote (54801)	1/18/2015 12:28:40 PM
From: Spekulatius	Read Replies (1) \| Respond to of 79000

Jurgis, I would like to know why you don't consider FLR? This is a company that has been operating well (I recall that I first noticed it in the law 80's or so) in an industry that is known for big blow ups. I recall and article from a long time ago, that mentioned them as one of the few companies that have deep know how in energy, refinery and chemical plant design, together with Bechtel (I think they are private and another German company (Uhde?) that I think has since blown up and merged in a different entity. They are cash rich and don't seem to have issues in accounting that some other ones may have (CBI comes to my mind). While I think they will suffer from reduced business volume, that is one company that knows how to operate through cycles and should have the cash to acquire a competitor, if the opportunity represents itself. Because of the above, I would give it a narrow moat rating. It's not really cheap at this point, but I think I would pick FLR over CBI. Barron's had a write up on the, recently.