Perini Corp. (PCR)
Loading...
Symbols:
PCR Forum Topics
- All Comments on PCR
- General Discussion on PCR
- Perini Demonstrates Some Commercial Construction is Still Booming [view article]
- Perini Showing Collateral Damage of Tightening Credit and Slowing Economy [view article]
- Perini Continues Its Strong Growth, Looks Inexpensive [view article]
- Options Trader: Monday Outlook [view article]
loading ...Recent PCR Articles
- Perini Demonstrates Some Commercial Construction is Still Booming
- This Week's Worst Performers of the Russell 3,000
- Perini Showing Collateral Damage of Tightening Credit and Slowing Economy
- 14 Low PE, High ROC Hanukkah Stock Picks
- Perini Continues Its Strong Growth, Looks Inexpensive
- Options Trader: Monday Outlook
- 15 Infrastructure Stocks To Give Your Portfolio a Strong Foundation
- Minnesota Bridge Collapse: Will Bridge Construction Stocks Be The Next Winners?
- 66 Biggest Losers From Today's Selloff
- Wall Street's Undercovered Winners
- Full List of Articles »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
Perini Demonstrates Some Commercial Construction is Still Booming [view article]
I have a deposit down on a unit at the Cosmopolitan in Las Vegas. I don't trust the project any more with all the financial woes it's going through. I want my deposit back. If anyone else would like their deposit back, lets all get in touch with each other. My email is Dwn2earth4321@aol.com. Thank you. ReplyEditors
General Discussion on PCR
Is this a buy or a sell? ReplyPerini Demonstrates Some Commercial Construction is Still Booming [view article]
I actually exited the position when I first heard of the Cosmopolitan issue about 3 days ago (see my post at vestopia.com). I still like the company but see major headwinds in the short term due to the issues at Cosmopolitan which dont look like will be cleared up in the short term. Long term, I think the stock is attractive but Im expecting some continued weakness in the short term. Replysack
Perini Demonstrates Some Commercial Construction is Still Booming [view article]
What are your thoughts on Cosmopolitan now? Do you think it will be completed with Deutsche Bank in charge? ReplyPerini Showing Collateral Damage of Tightening Credit and Slowing Economy [view article]
Credit markets are on lockdown. The developer, with Merrill Lynch, Hyatt and other went looking for financing and nothing. Deutsche Bank just annouced they are foreclosing according to 3/15 online Wall Street Journal article. This was down $10, not percent, on just the default notice and with the bank promising payment on completed work. Now how far does it drop now that financing fell through and foreclosure is filed? Low was $26, but the stock has recovered and in fact hit $40 last week. Replysack
Perini Showing Collateral Damage of Tightening Credit and Slowing Economy [view article]
Cramer was bearish on PCR last week because he said that the crisis with the monoline insurers would make it difficult for state and local governments to float bond issues, and without that revenue, they wouldn't be able to buy PCR's infrastructure services.Sounds reasonable -- except that, if you look at p. 9 of this investor presentation from September (PDF), you'll see that, only 13% of PCR's revenue came from sales to state and local governments. And if you look at p. 4 of the same PDF, you see that PCR's backlog was almost double its revenue for the trailing twelve months.
So I bought some yesterday at 36.59. Reply
Perini Showing Collateral Damage of Tightening Credit and Slowing Economy [view article]
Update: On Jan 18 Perini announced an interim agreement with Deutsche Bank under which construction would continue and Perini would continue to be paid. Replytal
Perini Continues Its Strong Growth, Looks Inexpensive [view article]
Don't discount the large market sales by the company's Chairman and CEO over the last six months. 1.57 millions shares have been sold in the open market over the past six months. This is significant since the company float is only 24 million shares. ReplyPerini Continues Its Strong Growth, Looks Inexpensive [view article]
Hi Dan, I am glad to see someone else wrote (and knows) about this stock - sometimes I feel like I am the only one. I agreed 100% with your comments on my blog including the backlog issue. So far they seem to be in good shape even with the slowing domestic economy - I can only assume that is why the stock was so weak this quarter compared to peers.www.fundmymutualfund.c... Reply
Options Trader: Monday Outlook [view article]
Hardly, just pointing out that a pullback in crude will drag the markets down for a while too since the sector is so significant. That happened today with the energy patch trading down and GM became the straw that broke the camel's (or certainly the Dow's) back. ReplyOptions Trader: Monday Outlook [view article]
Wow, are you finally capitulating on your bearish stance on oil after all this time?... Maybe I should think about shorting it now... Reply