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Chicago Bridge & Iron Company N.V. Message Board

  • jaj1 jaj1 Dec 10, 2008 1:47 PM Flag

    Concerned about this rally

    The rational for this stocks current move up is that
    CBI is an Obama infrastructure play.
    CBI does not build bridges. They do have some
    exposer to Nuke's and water treatment.
    I wish they did build bridges. I would feel
    more comfortable with this rally.
    Therefore I am suspect of this rally. IMHO.

    Below is a quote from a recent news item on yahoo.

    In a report this week, Citigroup analyst Brian Chin said the stimulus package is not likely to be a "game changer" for most of the E&C firms under his coverage, which includes Fluor, Chicago Bridge & Iron (NYSE:CBI - News), Shaw Group (NYSE:SGR - News), Foster Wheeler (NasdaqGS:FWLT - News) and McDermott International (NYSE:MDR - News).

    "Shaw and Fluor are the only E&Cs in our group that have a significant presence in the infrastructure end markets likely to be affected by the plan," Chin wrote. "The vast majority of projects undertaken by the other E&Cs are involved in end markets" -- including defense, chemical, and oil and gas -- "with no likely stimulus package benefit."

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CBI
49.87+2.22(+4.66%)May 1 4:05 PMEDT