SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Foster Wheeler (FWC) beaten down but why

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Evan who wrote (5)8/10/1998 6:51:00 PM
From: Paul Getman  Read Replies (1) of 24
 
My source for FWC's book value is Value Line, which publishes several updates each year on FWC (and the other companies it follows). Although Value Line wasn't recommending the stock at the time, in its last report it did say that FWC, over time, offered exceptional value--and that was when the stock was $27.

FWC's press releases can be found on the company's web site, fwc.com; look for the press release titled:
FOSTER WHEELER CORPORATION SAYS 2ND QUARTER EARNINGS ARE EXPECTED TO BE IN LINE WITH STREET EXPECTATIONS

I appreciate the comments about the very poor industry conditions facing the E&C companies right now, particularly with Asian deep in the hole and oil prices at very low levels. But that doesn't explain (to my satisfaction) why FWC has suffered so much relative to Fluor, which also has a huge exposure to Asian and to the energy market.

Paul
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext