Chicago Bridge & Iron Company N.V. (NYSE:CBI)
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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My "pitch" is once they get established in the mid-east, where there is so much growth, the business will really "take off"
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Chicago Bridge and Iron. Middle East play. Other companies in Middle east infrastructure developement are McDermott International (MDR) and Foster Wheeler (FWLT)
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"Chicago Bridge & Iron (CBI), like FLR, provides services to nuclear-energy companies. Both trade near all-time highs, but earnings estimates for both could prove conservative for 2008, given the strength in energy prices."
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Wtih no long term debt, earnings will continue to grow, especially in LNG division.
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I recently purchased shares of this comapny and I plan on adding more to my position. CBI has trememdous potential, that has yet to be realized.
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Love it! They have their balance sheet straight and are run well.
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Jim Cramer's Stop Trading! Buy Google
By TheStreet.com Staff
4/3/2007 2:56 PM EDT
Buy Foster Wheeler (FWLT - Cramer's Take - Stockpickr) and Chicago Bridge & Iron (CBI - Cramer's Take - Stockpickr), Jim Cramer said Tuesday on CNBC's "Stop Trading!" segment.
Cramer said Tuesday morning's bullish Goldman Sachs call on the infrastructure plays "would not have worked three to six months ago," but it's doing just fine now. Cramer said he believes the linkage that causes these stocks to go down every time the price of crude oil rises is breaking, which explains in part Tuesday's 9% surge in Chicago Bridge and the 7% rise in Foster Wheeler.
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Bought in '03 owned 4 years, stock split in 4/1/5. Am I the only one noting who is actually BUILDING all the energy related structures. and oh yes another new high today
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Will be involved in development of alternative energy sources.
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New net nuclear plants and LNG depots in usa
adds value to stock.
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It will outperform over the next 5 years consistently due to great management. I was taken on a tour of their new offices at Edison Plaza in Beaumont, Tx and also the new manufacturing facility on the "Island" in the Beaumont port. They are aggressively hiring due to their backlog and their new shops on the "Island" will be full by the end of the year. The engineering manager at the Beaumont facility is first rate. Overall this is a very successful arm of the company.
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energy construction will grow and so will this company with scandal behind it
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priced lower than it should be.
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Backlog of Huge Contracts
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