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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?


To: Ditchdigger who wrote (31109)4/13/2019 5:59:46 PM
From: Spekulatius1 Recommendation

Recommended By
Thehammer

  Read Replies (2) | Respond to of 34328
 
NP - I have watched these construction companies for years and many have not done well- CBI had to be bought out, MRD is just surviving with KBR and FLR doing a bit better, but not great. FLR is probably the best of the bunch, but even they can only prosper if energy is booming (they make most of their money on energy, LNG and petrochemical projects). They work on infrastructure too, but the margins are slim there.

Personally, I really like WFC here. They yield almost 4% and they should be able to buy back at least 6% of their shares (they bought back ~7.5% of outstanding shares last year while also increasing book value/share. If they can do this again and again, a lot of value should accrue to shareholders.



To: Ditchdigger who wrote (31109)5/2/2019 1:44:43 PM
From: E_K_S  Read Replies (1) | Respond to of 34328
 
Fluor tanks ~15% on large Q1 earnings miss, CEO transition and lower EPS outlook

Fluor (NYSE: FLR) down 14.5% in pre-market as the company says that Q1net loss of $58M was negatively impacted by $39M as a result of restructuring charges, foreign exchange losses and related tax impacts; net loss adjusted basis was $19M.

Lowers 2019 EPS guidance to $1.50 to $2.00 from $2.50 to $3.00 (compared to $2.76 consensus).

Revenues declined 13% Y/Y to $4.2B, due to lower sales across segments except, Mining, Industrial, Infrastructure & Power that benefited from increased project execution activities in mining & metals

Sales by segment: Energy & Chemicals: $1.5B (-24%); Mining, Industrial, Infrastructure & Power: $1.4B (+52%); Government: $785M (-41%); Diversified Services: $550M (-15%)

Also, David Seaton has stepped down as CEO after serving the company for 34 years, effective May 1, 2019.

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FLR off as much as 25% on their earnings/news. I like this at $24.00/share or lower. Good infrastructure play and would be 3.7% yield on their dividend.

Maybe new CEO will have one or more quarters of kitchen sink cleaning and we get a sell off to my Buy price. On my watch list.

EKS