$30.07 -0.25 (-0.82%)
12/3/2009 4:00 PM

Foster Wheeler Ltd. (FWLT)

CAPS Rating: 5 out of 5

The Company provides engineering and construction services to the oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, power generation, and power plant operation and maintenance sectors worldwide.

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Member Avatar btukwh (30.03) Submitted: 3/31/2009 10:34:47 AM : Underperform Start Price: $17.37 FWLT Score: +1.14

Foster Wheeler should underperform the market for the next several years. When and if it rebounds will be at the end of the cycle. The economy must turn, then current generation capacity must be fully utilized, then the leaders in the OEM power generation segment will start to rebound. There's a long way to go here.

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Member Avatar spotpetes (80.23) Submitted: 4/2/2009 4:03:56 PM
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buy 9 months before the economic factors are positive... Plus a huge backlog of orders = more money for a very well run company. Facts are the world needs more power and new forms of power means more money for FWLT!

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Member Avatar btukwh (30.03) Submitted: 4/7/2009 12:32:01 PM
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I have not seen a lot of new orders for power equipment at least since October. Crickets can be heard at sales meetings. I have seen a lot of back log evaporate. I am frequently wrong, but I think it's a little early for a rally. When it's time for business to pick up I would look for a different company than FWLT. MDR is better as the owner of the old B&W company. Alstom is also a better choice.I don't value backlog much in a down turn.

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