Originally posted by RAESAAD
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Just make sure you are not trying to work any speculative plays in this market. You want some solid companies with a solid track record in a solid industry.
I bought some FWLT at $32 its at $23 today. I don't regret the purchase at all. I'd say anywhere under $40 is a steal.
I was all hot and bothered about FWLT when it was in the $70's and $80's
Compare it to JEC which is one of their competitors (My dad is actually an exec there) which was trading at around the same price as FWLT but is now at $44
That price difference is not because JEC is doing better than FWLT, its because FWLT use to be the underperformer of the sector, but they restructured, and are now as good as any company out there.
Traders still remember the bad though so their stock price has been hit harder than the historical stronger companies like JEC.
The demand for infrastructure is not going anywhere either, so this industry will continue to thrive. Maybe not in the next couple years, but as soon as the world economy even begins to recover, these companies will bounce back quite quickly.
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