The company provides professional services on a global basis in the fields of engineering, procurement, construction and maintenance services. It has five operating segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power.
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Flour has a robust backlog of work in its pipeline and is sitting on piles of cash. They have the know how to build out alternative energy projects and are well positioned to capitalize on any energy infrastructure changes that the US will need in the future. I expect this stock to hold its own in the market till we see expansion in the world economy again at which time it should outperform rather nicely.