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 $70 company.We say get out now and let the controlling greasy HEDGE FUNDS TAKE THE HIT
Bechtel is by far the more competent company both as to size, professionalism, and profitability. It always has been even when FLR was a private company like Bechtel.
FLR's bidding on hard money bridge jobs is so bad as to be unreal.How do the incompetents who prepared these grossly incompetent bids stay on the payroll. ?
Bechtel goes out of it's way to down play it's successes and hid it's size.It's policy is to be low key and stay below the radar, whereas FLR tries to spout and hype at ever opportunity.
Bechtel is a very large company with many hidden subsidiary companies and huge unstated assets.On a true comparable basis Bechtel is number one and the next company FLR is number twenty one.Also, Bechtel's ace in the hole is Bechtel's very strong connections to the White house irrespective of which party is in power.
Also, we noted that there are no posters that have expertise in the heavy civil design build construction field. There are many mouth offs-- but no expertise-- or as we say here in Texas-- they are all hat but no cattle
FLR has no management that have a substantial financial stake in the company. FLR .is owned by the hedge funds and Wall street #$%$.Bechtel however, has hands on ownership by Riley Bechtel which is another huge advantage over FLR.
oil down, so has dragged oil service Co.s down. TIme to buy soon!
Their earnings shouldn't be affected by oil prices directly...
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?
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
It's a market pullback which have made majority of stocks go down, FLR included.
Even other same industry competitor JEC is in the same boat.
Stocks went to oversold conditions last week.
This is now the snapback and/or dead-cat bounce.
How much higher before another reversal?
I'm looking for FLR to get back over 70 before 12/31/14.
3rd quarter earnings if positive, might be positive for a 2 to 3 point spike, and continue higher.
GLTA longs (and shorts)
1.15 vs average estimate of 1.10.
Let's see if on 10/31/14 will make FLR stock price go higher by a couple bucks, go down, or stay flat.
Strange things happen, as the market pullback made FLR oversold to 59 and low 60s.
Looking for FLR price range to bounce back 70-77 where it was before the correction and before 2014 ends.
FLR a double or stock price 110-140 in a couple of years?
I think revenue was a tad light, and I may be wrong on this point, but every other metric seemed fine. Once oil gets going again and other infrastructure projects are started, this stock as well as JEC and CBI will flourish. Good luck joe....
PennyStocksWeekly mentions every single stock on nasdaq and NYSE as a possible double by year end. Keep posting your junk on every message board. The company is make a fool out of themselves.
Yeah I got out just in time for this one only made 50.00 on it. Oh well have to wait for another entry point.
I am a very recent shareholder. Having read articles in Barrons and doing my own DD, I decided it was time to get in to Fluor. There was good news on a China venture and contracts in Mexico.
Sentiment: Strong Buy