Chicago Bridge & Iron excels in storing value

Readers of that space know that the investment bias is toward large-cap companies with demonstrated commerce models and who have a competitive advantage in established markets, preferably with a favorable global trend as a support. And with the above in intellect, Chicago Bridge & Iron is worth an evaluation.

Chicago Bridge & Iron Company N.V. (NYSE: CBI) is a global, engineering, procurement, and interpretation company specializing in turnkey projects for customers that produce, process, store, and distribute the world’s natural resources.

Analysts see strong 30-35% revenue growth in 2008 after a similar performance in 2007.

Demand for crude oil terminal storage and process-related work in the U.S. should remain strong, including elevated water tanks and steel plate structures.

Labor costs are fair, with good overall cost containment. Margins are expected to increase in 2008. In general, analysts view CBI as well-positioned to take advantage of favorable market trends. The Reuters FY 2008/FY 2009 EPS consensus estimates for CBI are $1.76/$2.38.

Continue reading Chicago Bridge & Iron excels in storing value

Original post by Joseph Lazzaro

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