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Foster Wheeler AŞ Message Board

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  • tomyris2001 tomyris2001 Jan 7, 2008 6:56 PM Flag

    Should I sell? I'm down $12k now

    I would not sell . Foster Wheeler was and is one of the main boiler and other plant infrastrucure, makers in the world . It crashed in the earlr 2000's due to asbestos litigation , as did Babcock Wilcox ( Now part of mc Dermott MDR ) and Combustion ( now part of ABB ) . If you look at MDR and ABB charts you will see that they are are coming back big, due to the litigation settlement and infrastructure . I am an international engineer who used to work with GE and I can tell you I have seen FWLT equiment all over the world .I recently visited the fWLT website as I alreday bought the stock at 17 and 50 and was thinking to buy more to hide money in this ( Cranky Bernanky inspired ) crazy market . I was impressed to find that they had made video presentations in order to drive their recruitment efforts from London, so great is their need for people . As Cramer says their earnings are driven by contracts and may be lumpy quarter to quarter and the stock could be violatile , but they are part of the great infrastructure build out and will perform well over time . Do not be scared out of the stock by a bunch of opurtunistic bum traders, trying to cash in on negativity brought about by having a muppet heading up the fed.