TMFDeej (99.47)

Deej's Top Pick Update: Chicago Brige & Iron Upgraded by Goldman Sachs

March 28, 2008 – Comments (2) | RELATED TICKERS: CBI

While I normally take what analysts say with a large grain of salt, Goldman Sachs is usually pretty good. So I'm happy to say that Goldman added a company that I have been very high on, Chicago Bridge & Iron (CBI), to its "Conviction Buy" list this morning. Goldman raised its earnings estimates for 2008 and 2009 for the company and it stated that it believes that most other analysts' estimates are too low. Goldman also stated, as I had discovered earlier, that CBI is the most highly leveraged infrastructure play to the energy industry and that we are in the middle of a "long-run energy investment cycle." Not only that, but CBI's shares are trading at the lowest multiple of the energy-focused infrastructure group that Goldman follows. Goldman sees a whopping 50%+ upside to CBI's stock from today's price.

Here's a link to my original write-up on the company for those of you who are interested:

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=36253&t=01001019292467236494

Deej

Long CBI