Foster Wheeler: Best-of-Breed Stock in a Beaten Down Industry [View article]
Nice job. A PEG ratio of 0.5 for a company with this kind of a growth is an absolute steal. I have simply been amazed at the amount of misinformation put out by the media about the "slowing global economy". Honeywell CEO said yesterday China will slow from 10% to 9%. So what? Product demand is still extremley robust. What's inconceivable to me is that any of these stocks (FWLT, JEC, FLR) can be trading near 52 week lows after reporting record earnings and raising guidance. That is simply irrational.
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Nice job. A PEG ratio of 0.5 for a company with this kind of a growth is an absolute steal. I have simply been amazed at the amount of misinformation put out by the media about the "slowing global economy". Honeywell CEO said yesterday China will slow from 10% to 9%. So what? Product demand is still extremley robust. What's inconceivable to me is that any of these stocks (FWLT, JEC, FLR) can be trading near 52 week lows after reporting record earnings and raising guidance. That is simply irrational.
Sep 13 12:21 pm
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All Comments by yank »Foster Wheeler: Best-of-Breed Stock in a Beaten Down Industry [View article]