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Non-Tech : Foster Wheeler (FWC) beaten down but why

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To: Paul Getman who wrote (1)8/8/1998 6:56:00 PM
From: Evan  Read Replies (1) of 24
Foster WHEELER is one of a group of companies
such as FLR,JEC,SW etc who are chasing a tight
petrochem market.None of these companies have
done well for over three years.Clients have moved
to lump sum turn key bidding which leaves very
little profit at the end and plenty of risk.
Foreign competition also have different ideas
about profits than than US public companies.
No turnaround on the horizon.
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