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.
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.
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Original post by Joseph Lazzaro
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