Used to have a large war chest...now just a lot of debt....infrastructure projects put off and oil and gas is getting the chiat kicked out of it......it'll be at least 12-18 months before this recovers....but FLR has had its time....you will never see it back at $70 again
The dearth of intelligent posts on this board indicates lack of expertise and due diligence.big time loses are inevitable at this price and the mouth off suckers will lose and cry never to be heard of again.--so what else is new?
oil down, so has dragged oil service Co.s down. TIme to buy soon!
Their earnings shouldn't be affected by oil prices directly...
FLR has no management that have a substantial financial stake in the company. FLR .is owned by the hedge funds and Wall street #$%$.Bechtel however, has hands on ownership by Riley Bechtel which is another huge advantage over FLR.
Bechtel is by far the more competent company both as to size, professionalism, and profitability. It always has been even when FLR was a private company like Bechtel.
FLR's bidding on hard money bridge jobs is so bad as to be unreal.How do the incompetents who prepared these grossly incompetent bids stay on the payroll. ?
Bechtel goes out of it's way to down play it's successes and hid it's size.It's policy is to be low key and stay below the radar, whereas FLR tries to spout and hype at ever opportunity.
Bechtel is a very large company with many hidden subsidiary companies and huge unstated assets.On a true comparable basis Bechtel is number one and the next company FLR is number twenty one.Also, Bechtel's ace in the hole is Bechtel's very strong connections to the White house irrespective of which party is in power.
Also, we noted that there are no posters that have expertise in the heavy civil design build construction field. There are many mouth offs-- but no expertise-- or as we say here in Texas-- they are all hat but no cattle
FLR has a horrible track record for making profits on major bridge construction contracts.First there was the incompetent San Francisco Bay Bridge bid which left $500 million on the table with only two bidders.Now, we have the Tappen Zee bridge contract for the State of New York which resulted in leaving a Billion dollars on the table with only three bidders.
FLR is incompetently managed, bidding far below it's competitors just to obtain work--big time loses are inevitable along with a corresponding drop in share price. FLR is a $7 company pretending to be a $70 company.We say get out now and let the controlling greasy HEDGE FUNDS TAKE THE HIT
Last analyst opinion shows it in June of 2014 with an "accumulate" opinion. Mining has been in the dumps for 2 years now. FLR keeps winning billion dollar contracts. I'm "accumulating" now.
a couple firms downgraded recently. Also, with mining in the dumps and oil lower, flr gets dragged down.
It seems like a steal right now, off $16 from its high for the year. They are head and shoulders above their competition, the market keeps moving higher, and this stock keeps dropping. All the news on this company is positive, so what gives?
Sentiment: Strong Buy
easy to say when talking theory, a little different when it is your money. I have been doing this for 36 years and know the difference.
But then you might as well by an index fund. You won't outperform it with so many positions. Some will kick #$%$, some will drop significantly. Why bother? Just creates headaches.
I asked if I was well diversified. Let's forget about returns. Do you like my diversification given sectors, market caps, positions, etc?
compare your results to the S&P500 return.
YTD S&P500 is up about 9%;
Note: FLR has a negative return YTD for 2014.
I anticipate a bounce in FLR to about 75; although lately trending lower (can it stay above 70)