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

To: Paul Senior who wrote (62311)	8/3/2019 1:32:28 AM
From: bruwin	Respond to of 78814

"Not enough cost plus* contracts"* Unless a Client is DESPERATE for his project to be constructed, he must be Mad to enter into a Cost Plus contract ..... that's printing money for the Contractor who now has NO Risk ! There are far better forms of construction contracts that benefit both parties.

To: Paul Senior who wrote (62311)	8/3/2019 6:29:40 AM
From: Madharry	2 Recommendations Recommended By bull_dozer Spekulatius Read Replies (1) \| Respond to of 78814

the news from fluor besides being awful also looks like they delayed telling the investors the bad news for way longer than they should have. i suspect that they knew well before the quarter ended that results were not going to be as they projected t they held back on the bad news for at least 60 days. To me thats akin to someone giving you a check . they know a couple of days later that the check is gonna bounce but they dont tell you about it. instead you hear about it from the bank a couple of weeks later. Not sure how you price a company like that.

To: Paul Senior who wrote (62311)	3/13/2020 6:07:35 PM
From: Paul Senior	Read Replies (3) \| Respond to of 78814

Construction companies. I see I'm not much good at evaluating their prospects: lost quite a few $$ on McDermott as it fell (and now into bankruptcy). My other pick of Tutor Perini is in the red for me at a 12-mo low. I'll hold on to TPC for a while. And meanwhile start a few shares of Granite Construction (GVA), also at a 12-mo low yesterday. GVA has paid a $.52 dividend since about 2008 (4% on today's price). Stock sells below tangible book value and fwiw, below Graham Number. finance.yahoo.com

To: Paul Senior who wrote (62311)	5/4/2020 9:23:10 PM
From: E_K_S	Read Replies (3) \| Respond to of 78814

Started very small position in FLR. News keeps getting bad so maybe it is now priced into the stock. My investment thesis is IF there is an infrastructure bill, FLR s/d get some of that. Stock selling at stated BV. Fluor backlog cut by $1.2B after Purple Line Rail project exit Fluor says the lack of resolution on the impacts of third-party lawsuits, delayed right-of-way acquisition and changes to regulations and third-party agreements made the JV's continued participation unsustainable. Fluor's project backlog will be reduced by ~$1.2B after the termination Fluor suspends dividend payments saying it will suspend its dividend as part of its effort to cut costs . . Fluor says it continues to pursue sales of its equipment rental business, P3 assets and excess real estate, although the timing of any deals has slowed due to COVID-19. Only 10 years ago, Fluor was the leader in their field. The Company is aligned into five principal operating segments: Oil and Gas, Industrial and Infrastructure, Government, Global Services and Power. Would like to see them exit their unprofitable business segment (like Oil & Gas), downsize and concentrate on their Industrial & Infrastructure. If/when I see divestment of legacy business units and a focus on profitable lines, I will continue to add share. I now have FLR and STLD in my infrastructure basket. Really need one or two core companies and still looking for those. EKS