Now why would anyone take the boots to us when we're already down? I'm suspecting the one lone wolf who keeps giving our posts the thumbs down. Never-the-less, we shall not give up! More convinced than ever that we are going to start the climb up even though it going to take time and that we will be standing on a pretty high perch in a couple of years and smiling from ear to ear. And, thumbs down will have to do something else with his thumb.
KBR announced yesterday that it signed an agreement with PT Rekayasa Industries to provide ammonia technology in the Indonesian, Southeast Asian and Asia Markets. They are pleased as this opens a door to further ammonia opportunities in this part of the world. Every bit helps move us forward.
The low oil prices is manipulated by USA to corner Russia.
Two thing can happen.
Either Russia caves in which is highly unlikely, or
We lose all our KBR investments and we go home.
In spite of the children who for some reason disagree with having a discussion on this Board about KBR, we are hanging in there. It appears that for now $19 is going to anchor our ship while we right our direction and speed. I don't really understand why anyone would be opposed to our hopes to see KBR succeed or maybe someone could enlighten me on their opposition.
November 13, 2014 5:00 PM
KBR Wins Facility Construction Deal from Bell Helicopter
KBR Inc. (KBR) recently received a contract from Bell Helicopter for the construction of a new facility at Lafayette, LA. This new 82,300-square-foot hangar will be built on a 14.5 acre site and will be primarily used for the assembly of Bell Helicopter’s newest commercial helicopter, the Bell 505 Jet Ranger XTM. The financial details of the contract have been kept under wraps.
The construction of this facility is expected to be completed by Jun 2015 and the assembly operations are scheduled to commence by 2016, after required sanction certification of the facility and the aircraft. KBR expects this contract to be included in the fourth quarter of fiscal 2014 backlog under unfilled orders of the Services segment.
Most of KBR's business is in the refinery work, NOT drilling or oil service. They are a engineering company. This decline is a HIUGE buying opp! KBR has more business than they can handle.
all due respect. i have been hearing what a great investment this is since the stock was in the mid 30's. this company can not be hyped. it has to start proving itself.
It's going to take some time for this company to make some progress and a lot of patience before being rewarded. Remember that the company has gone through a strategic refocus to make it leaner, meaner and focused on the money making activities. That takes time and results likely wouldn't have been evident for almost a year, however all of that has been set back further when the bottom fell out of oil prices. But we have a much better opportunity dealing with the current situation with all the changes that have been made compared to this company facing the current situation without those changes. So it's going to take longer than it was before but as long as we are handsomely rewarded for being patient and waiting it should be OK. Hang in there longs!
Well it took a little while longer than I thought but the share price has started nudging itself a little higher today. I feel that we're worth a lot more than $19.33 a share but it's a slow process getting up once you've kicked yourself down so far. Let's hope the trend continues, I need $23 to breakeven but we have a long way to go to satisfy the longs and we don't want to disappoint them, do we?
Looks like KBR is definitely on the road to recovery! KBR net income for the quarter was $0.21 per diluted share compared to a net loss of $0.32 in the same quarter last year. Check out the KBR website for further details if you're interested.