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From the Blogosphere
Fluor Matches Estimates – Analyst Blog
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Fluor Corporation (FLR) reported third quarter earnings per share of 89 cents, matching the Zacks Consensus Estimate. Revenue declined by 4% to $5.4 billion, which compares with $5.7 billion in the third quarter of 2008. This change was driven primarily by decreases in the Oil & Gas and Power segments. Revenue in both Industrial & Infrastructure and Government segments was up from last year.
While three of the five business segments reported earnings growth over 2008, the Oil & Gas segment profit declined by 8% and the Global Services segment profit was impacted by a $45 million provision ...
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Fluor (FLR) Guides Down for the Year, Investors Disappointed
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Engineering / infrastructure firm Fluor (FLR) is one of those few stocks that could head to a remote island for a decade, come back in 2019, and the company would be executing and thriving. However, it's business - dependent on large projects - is quite lumpy from quarter to quarter, and it has been struggling of late. You can see while the market has had an upward bias, the stock has been in a downturn for a good 2 months, signaling "those in the know" *knew*, and were exiting stage right.
The engineering and construction firms are definitely MID to LATE cycle, not early cycle recov...
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Look for Fluor's shares to fly in 2010
FLR
A "Buy Anything" Market
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I was patting myself on the back as I looked at the huge surge in the portfolio today - each and every long position is up, most materially so. Then I went into my watch lists which are literally hundreds upon hundreds of stocks - probably around 400. Excluding 50 or so which are "highly speculative" I can only find about a dozen that are in the red. It's the "buy anything market" brought to you courtesy of the destruction of your currency.
The only losers I can find:
<>Whirlpool (WHR) -1%Fluor (FLR) -0.6%General Cable (BGC) -1.3%Chicago Mercantile (CME) -0.5%Valero Energy (VLO) -0.7%<>Ciena (...
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Fluor: Well Positioned Despite Problematic U.S. Economy
<>Fluor Engineering (FLR) has many positive attributes, FLR has a current P/E of 12 and an almost guaranteed profit for the next 12 months due to the contractual backlog that is inherent to engineering construction companies. Its Revenue / backlog is $23B (all numbers as of October 2, 2009) while its Market Cap is only $8.6B for a very low P/S ratio of 0.37. This while the ROE is 26.71%. Engineering construction is a high margin business with excellent forward visibility.
The long term outlook for engineering construction is very good globally with infrastructure and natural resource proce...
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I am amazed at the level of bailouts/workouts/handouts/ that we are seeing. I was most amazed this morning when the ...
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About Fluor Corp.
- Answers.com
I'm Reiterating my Buy rating for 
