JEC is down 5% since MISSING earnings...CBI is down 9% since BEATING earnings.
JEC has a P/E of 17...CBI has a P/E of 8.5
JEC has a short interest of 3.8%...CBI has a short interest of 15+%.
JEC has NO DIVIDEND....CBI pays an, albeit tiny, dividend of $0.28.
Something very wrong with CBI stock and we blame current upper management.
This company is ripe for an activist shareholder to expose and embarrass this management team.
Company is worth at least 50% more than current valuation but it will never get there with this current AWOL management.
Stock is starting to feel like it wants to roll back over into the $30's again despite all the rosy earnings news.
Great company with awful management equals classic value trap junk stock.
Anadarko Petroleum Corp. is poised to select a construction team led by Chicago Bridge & Iron Co. as its main contractor for a potential $15 billion Mozambique liquefied natural gas project, according to people familiar with the matter.
CB&I and its engineering and construction partners will work with the Woodlands, Texas-based explorer to begin project planning with the East African nation’s government, according to the people who asked not to be identified because the information isn’t yet public. Anadarko has said it will make a final investment decision on whether to proceed with the project by the end of the year.
The selection of CB&I’s group to build the export project is a key step in the process of developing one of the biggest oil and gas discoveries in a generation, one that has the potential to reshape East Africa and global markets.
The decision is a milestone for one of the few energy mega-projects around the world to move forward after crude prices collapsed last year. Companies have halted spending on many such projects to conserve cash, reducing spending by more than $100 billion amid the worst oil market downturn in a generation.
CB&I and Anadarko declined to comment on the contract.
As much as 75 trillion cubic feet of natural gas may lie in the Area 1 prospect off Mozambique’s shores, according to Anadarko and its partners developing the discovery. That’s enough to meet about 15 years of U.S. residential demand, according to the U.S. Energy Information Administration.
Filing is out...Chicago Bridge & Iron Co. (NYSE: CBI) was the same stake at 10.701 million shares, after having been raised in 2014 and in 2013.
FWIW...Stock analysts at Cowen and Company lifted their price objective on shares of Chicago Bridge & Iron Company (NYSE:CBI) from $57.00 to $63.00 in a report issued on Friday. The firm currently has an “outperform” rating on the stock.
The games played with this stock are unbelievable.
Tanks on the open off the JPM coverage.
6/12/15 JP Morgan Initiates Coverage on Overweight 65.0
For now...Still have 13+ million shares short and a ton of out of the money July Puts. They are betting on one last chance for a Toshiba/Westinghouse news driven selloff in July.
IMHO...Not going to happen. Looking for a big 3rd/4th qtr. rally in CBI that could see $70/share.
Here comes the next assault on $45.
CBI is trading just like it did for most of 2014.
Order news, earnings, buybacks, etc. mean nothing. CBI is a goldmine for shorts/puts and the stock has no bottom until they are finished.
If you are long, just forget about it until after July 17th and then see if it begins to trade "normal" again.
They announced they would buy back at least 10% of outstanding shares in 2015/2016.
Shorts/Puts still clearly stepping on the throat of CBI but management could break their backs with aggressive buying here.