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Quanta Services, Inc. Message Board

  • chrisceeaustin chrisceeaustin Nov 30, 2012 8:16 AM Flag

    Cramer Loves PWR

    He repeats much of what I said, and adds that Canada is committing 200 Billion to their electricity transmission infrastructure, and PWR does good business in Canada.

    He did a segment on PWR yesterday, and he loves the company.

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    • He also pointed out that the stock price is still $10 lower than pre-Recession levels! Despite three fantastic quarters in a row and what was it, 40 Billion dollar pipeline, was it?

      • 1 Reply to chrisceeaustin
      • Typo: It's "only" a 4 Billion dollar project pipeline.

        Here's some of what Cramer said.

        In addition to its electrical business, Quanta also helps build and maintain oil and natural gas pipelines and is a key provider to companies like Enbridge (ENB_) and Kinder Morgan Energy Partners (KMP_), all of which need more pipelines as they expand into our nation's oil shale.

        Quanta also has a big business in Canada, noted Cramer, a country that plans to spend over $100 billion over the next 20 years to rebuild its aging infrastructures.

        Cramer noted that shares of Quanta are trading just off their 52-week highs but are still a full $10 a share short of where they were before the great recession.

        He said the company trades at 15.8 times earnings with a 17.7% growth rate, despite having delivers three beat-and-raise quarters, including its most recent 11-cent-a-share earnings beat on a 34% rise in revenue. Quanta currently has a $4 billion backlog of business.

 
PWR
34.89-0.08(-0.23%)Jul 25 4:01 PMEDT

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