Throughout the 1990s, the world (especially developed countries) enjoyed a combination of strong growth and low inflation. A low inflation rate continued to be the norm during the first five years of the new millennium. The causes of this phenomenon are varied and there's no consensus yet about the grade that these different causes have had in the process.

Among other reasons, (a) a growing labor supply, stemming from the introduction of a mass of workers from emerging countries like India and China, and (b) a considerable technological advance, specially in the IT sector, which allowed companies to manage their production and information processes at a much faster pace along with reduced costs, explain the period of sustained growth and low inflation.

Chicago Bridge and Iron (CBI) engages in engineering, construction and procurement serving petrochemichal, oil and gas and water industries among others. Its pipeline includes hydrocarbon processing plants, liquefied natural gas terminals and peak shaving plants, offshore structures, pipelines, bulk liquid and other facilities. Of course, given accelerated growth in developing countries such as China and India, CBI is riding the rising tide of global infrastructure.

CBI fundamentals, especially those belonging to the last 3-5 years, are just amazing: 13.44% average EPS growth for the last 5 years, which spikes to 42.52% for the last 3 years and reaches an astonishing 632.1% last year. A similar pattern is seen in revenue growth, although not as large as EPS growth, with income growing an average 25.66% the last 5 years, and a 38.4% advance this year.