URS Corp (NYSE:URS)
An engineering design services firm and an U.S. federal government contractor for systems engineering and technical assistance and operations and maintenance services.
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If I were in engineering and construction in todays market, I would want to be a federal contractor like URS. The company continues to get new contracts and the government clearly is a stable source of revenue at this time.
At $41.55, the stock is well below its 52 wk high of $64.19. The company's financial status isn't steller, but it is posting narrow positive profits. The company needs to work on improving its ROE and net profit margin. It would be a much more attractive investment if it improved its bottom line. However, given the fact that the Bush administration loves to spend our taxdollars and given that URS is one of the beneficiarys of Bush's generosity, this company will likely outperform until the government decides to cut back on spending.
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I'm in for the bump after the next earnings release.
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I think this company still has potential! And the price of the stock will rise in the long run.
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The ageing US infrastructure will bring increasing amounts of business to URS. They are also positioned to service global demands.
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Infrastructure play after Minneapolis bridge collapse.
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* USA needs TRILLIONS of dollars worth of infrastructure repairs, maintenance and new construction. URS always gets their share, and often a bit more.
And don't forget that a good chunk of their work is 100% risk free. Public agencies with big project budgets but no authorization to hire permanent staff turn to URS for warm bodies. URS "rents" engineers to hundreds of public agencies (water depts., transportation authorities, school districts, etc.) as "staff augmentation." All costs are fully covered PLUS a hefty fee. Its a gold mine.
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This civil engineering company operates in 28 countries, which is a good alternative to large cap companies in the US, especially during a market downturn.Think global. Stock might be a little bit overpriced but perspectives for growth are very good. During this past week has been hit by the market crisis and also by lower earning from Washington Group (mining engineering et al), which will be merging with URS. The EG&G Division works with the military providing training. Company always includes minority subcontractors in their bids, and has a very minority-friedly corporate culture; i.e. it is a very Democrat-friedly company, operating all over the country, which I expect will benefit handsomely from a Federal gov't controlled by the Democrats.
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even with the fine last week. there is always upgrading,maintaining, and oreation. why do it yourself when you can get someone to do it for you and save a buck or two. with all the government does. and may do soon? this should be a good one for the long haul.
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major federal government contractor
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wng buyout forcing my hand here.
WNG is rock solid for the next decade.
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Nice boring company
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a great infa-structure stock, should do great with the dems in Congress
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Should experience good solid growth next year.
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getting a lot of contracts, democrat friendly
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New Orleans rebuild (leve upgrades)
Power Plant retrofits
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california levees are my focus, but the rest of the company is great as well
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Loads of infrastructure project must be completed in the USA.
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i BELIEVE THEY REBUILD INFRASTRUCTURE!
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