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$14.53 -1.09 (-6.98%)
10/7/2008 11:02 AM

Chicago Bridge & Iron Company N.V. (CBI)

CAPS Rating:
****

An engineering, procurement and construction company, serving customers in a number of key industries including oil and gas; petrochemical and chemical; power; water and wastewater; and metals and mining.

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Avatar colonelnelson (26.28) Submitted: 7/02/08 11:39 PM : Outperform Start Price: $37.52 CBI Score: -44.83

Giving the thumbs up to CBI on a 4.33% pullback. CBI gives my CAPS portfolio broad exposure to oil and gas, chemical, power, water and mining.

Over the last two months CBI has won major contracts to: 1.) construct a fuel and crude oil storage facility at Houston's Ship Channel Terminal; 2.) construct petroleum storage facilities for the Trans-Panama Pipeline Project--a $40M contract; and 3.) construct a large scale hydrogen plant in California--a $90M contract.

I'm encouraged by CBI's financial strength, their 15% increase in EPS over the TTM, their 40% increase in sales over the TTM, and a P/E trading on the low side of their 5 year range. (22.30 vs. range of 10 - 206.3).

A potentially great infrastructure play (and Capital One likes 'em). Outperform.

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