Chicago Bridge & Iron
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What Warren Buffett Likes About Chicago Bridge & Iron
By Diane Alter - May 20, 2013 | Tickers: BRK-B, BRK-A, CAT, CBI
Scores of investors scour Berkshire Hathaway’s (NYSE: BRK-A) (NYSE: BRK-B)holdings in attempts to mimic legendary CEO Warren Buffett’s picks. After all, Buffett is deemed the greatest investor of all time, and rightly so.
Berkshire Hathaway has averaged an annual growth in book value of 19.7% over the last 48 years. That compares to 9.4% for the S& P 500 Index, including dividends, over the same more »
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2 Engineering & Construction Stocks To Buy, 1 To Hold
By Zain Abbas - May 20, 2013 | Tickers: CBI, FWLT, KBR
The recently held Offshore Technology Conference in Houston has brought along some important takeaways for investors in engineering and construction (E&C) companies. In my earlier posts, I have been emphasizing how the E&C sector has been a main beneficiary of the shale gas boom, which promises to bring a multi-billion dollar investment cycle in this industry.
Offshore opportunities
This post is more focused on offshore-related opportunities that lie more »
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Following Warren Buffett Into Chicago Bridge & Iron
By Anh HOANG - May 15, 2013 | Tickers: CBI, HAL, MTRX
In the first quarter 2013, Warren Buffett accumulated more than 6.5 million shares in the Netherlands energy infrastructure company, Chicago Bridge & Iron Company (NYSE: CBI). At the current trading price of $57.80 per share, Chicago Bridge’s holding is worth $375 million. Since the bottom of 2009, Chicago Bridge has advanced significantly, climbing from nearly $5 per share to neary $58 per share. Let’s take a closer more »
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3 Ways to Ride the LNG Fired Rocket
By Piyush Arora - April 29, 2013 | Tickers: APC, LNG, CBI
Thanks to the shale gas boom in North America, natural gas has hovered around $3.50 per MMBtu over the last year. But Asian and European nations haven't been that lucky with the production bonanza, which is why natural gas costs 3-4 times more in these regions than in North America. This pricing differential presents an bullish case for at least three different industries, and here are a few more »
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Where's the Floor for Fluor?
By Marshall Hargrave - April 24, 2013 | Tickers: CBI, FLR, URS
Fluor (NYSE: FLR) has tumbled nearly 12% over the past week. Even over the past year, Flour is down 9.14% while the S&P 500 is up 10.85%.
With Flour grossly underperforming the broader market, what's the near-term catalyst to push the stock higher? One of the big tailwinds should be bolstering global growth. The IMF expects global GDP to grow 3.3% for 2013 against 3 more »
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Construction Stocks for Building a Profitable Portfolio
By Ken McGaha - April 15, 2013 | Tickers: CBI, FWLT, PWR
Industrial and infrastructure construction is a complex and very difficult business. The projects are large, varied, and can take years to complete. Moreover, the demand for these services can shift wildly due to fluctuations in economic growth rates and government spending levels dedicated to infrastructure improvements. Those businesses that have learned to manage these difficulties are uniquely positioned to prosper for years into the future.
Infrastructure maintenance is critical to more »
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3 Stocks to Buy on Shale Gas Boom
By Zain Abbas - April 10, 2013 | Tickers: CBI, FLR, KBR
Engineering & Construction (E&C) companies have been a bright spot in the industrial space, especially after the shale gas boom opened up multi-billion dollar investment opportunities in the infrastructure arena. In fact, Goldman Sachs believes that energy infrastructure stocks are expected to attract $57-65 billion in five projects, namely gas processing, fractionation, petrochemicals, LNG exports and gas power. Apart from that, there are some stock-specific characteristics as well that have more »
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3 Stocks to Buy on Shale Gas Boom
By Zain Abbas - April 8, 2013 | Tickers: CBI, FLR, KBR
The Engineering & Construction (E&C) companies have been a bright spot in the industrial space, especially after the shale gas boom has opened up multi-billion dollar investment opportunities in the infrastructure arena. In fact, Goldman Sachs believes that energy infrastructure stocks are expected to attract $57-65 billion in five projects namely: gas processing, fractionation, petrochemicals, LNG exports and gas power. Apart from that, there are some stock specific characteristics as more »
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The Avengers Portfolio
By Jon Quast - April 4, 2013 | Tickers: T, CBI, IBM, THO
We all love the characters; we've all seen the movie. Here are some stocks that deserve a second look, all inspired by the Mighty Avengers.
Iron Man
Even though Iron Man isn't technically iron (he's a gold titanium alloy), our first stock is Chicago Bridge and Iron (NYSE: CBI). Founded in 1889 in Chicago, CB&I is a contractor basically. They build power plants, oil storage facilities more »
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The Avengers Portfolio
By Jon Quast - April 2, 2013 | Tickers: T, CBI, IBM, THO
We all love the characters; we've all seen the movie. Here are some stocks that deserve a second look, all inspired by the Mighty Avengers.
Iron Man
Even though Iron Man isn't technically iron (he's a gold titanium alloy), our first stock is Chicago Bridge and Iron (NYSE: CBI). Founded in 1889 in Chicago, CB&I is a contractor basically. They build power plants, oil storage facilities more »
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Billionaire Julian Robertson’s High Upside Potential Picks Include Apple
By Meena Krishnamsetty - March 24, 2013 | Tickers: AAPL, CBI, DLTR, OCN, SFUN
We use our database of 13F filings from hedge funds and other notable investors for a variety of purposes. The information in 13Fs can be used to help develop investment strategies; we have found that the most popular small cap stocks among hedge funds generate an average excess return of 18 percentage points per year and we think that more techniques are possible as well. Of course, many investors treat more »
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Noteworthy Upgrades on Friday: 2 to Buy & 2 to Sell
By Brian Nichols - March 9, 2013 | Tickers: CLDX, CBI, HL, THC
Celldex Therapeutics (NASDAQ: CLDX)
On Friday, a slew of upgrades came rolling in on shares of Celldex Therapeutics after the biotechnology stock lost significant value following earnings, which were on Thursday. That same day (Thursday) I wrote an article telling investors to “buy,” and I guess I wasn’t alone, as Roth Capital, Cantor Fitzgerald, and Jefferies all issued positive notes and bullish price targets on the same day.
The more »
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5 Stocks With Bullish Sentiment From This Underrated Indicator
By Meena Krishnamsetty - March 3, 2013 | Tickers: CBI, PENN, SM, WLT, WLL
Hedge fund sentiment is an underrated indicator of a stock’s bullish potential. At Insider Monkey, we’ve discovered strategies that retail investors have used to beat the market, and quite handily at that. Our small-cap strategy outpaced the broader indexes by 18% a year for more than a decade in our back tests, and since we started sharing these picks with the public, we've beaten the market by more »
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3 Beneficiaries of the Shale Gas Boom
By Masam Abbas - February 13, 2013 | Tickers: CBI, FLR, KBR
The shale gas revolution has brought a new life in many sectors that were otherwise neglected by investors. Energy infrastructure companies were one such group. Given the abundant supply of natural gas, economists have suggested the government export some of it, which will not only bring foreign remittances but also help to maintain a balance between supply and demand of natural gas. When it comes to energy infrastructure companies and more »
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Nuclear Takeover
By Mike Thiessen - January 15, 2013 | Tickers: CBI, ES, SHAW
Salt Lake City-based nuclear energy services provider EnergySolutions (NYSE: ES) has agreed to a formal purchase offer from Short Hills, New Jersey-based private equity firm Energy Capital Partners II. Announced after the close of trading on January 4, the terms of the $1.1 billion all-cash deal are straightforward: On its closing date, EnergySolutions shareholders will receive cash payments of $3.75 per share. Already approved by the company's more »
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Looking Deeper into The Shaw Group's Acquisition
By Anh HOANG - January 7, 2013 | Tickers: CBI, SHAW, URS
The Shaw Group (NYSE: SHAW) hit the news feeds recently when James Bernhard, the company’s founder, chairman and CEO, sold the majority of his stake after shareholder approval to be acquired by Chicago Bridge and Iron Company (NYSE: CBI) in December. The Chairman and CEO has sold roughly less than a million shares, with the total transaction worth of around $45 million. Denali, the 1.1% owner, criticized the more »
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The Best Way to Ride LNG Exports
By Piyush Arora - December 12, 2012 | Tickers: LNG, CVX, CBI, KBR
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Why Are Jim Chanos and Jim Simons Betting on This Infrastructure Giant?
By Meena Krishnamsetty - October 4, 2012 | Tickers: CBI, FLR, JEC, KBR, SHAW
In July, Chicago Bridge and Iron Company N.V. (NYSE: CBI) announced plans to acquire Shaw Group Inc. (NYSE: SHAW) at $46 per share. Chicago saw an over 15% drop in its shares on the Shaw acquisition news. On the other hand, shares of Shaw were up over 50%. The acquisition price for Shaw is $46, while the company is currently trading at less than $44 a share.
At the more »
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Chinese Bridges are Falling Down, Falling Down
By Robert Zimmerman - October 3, 2012 | Tickers: ACM, CBI, SHAW, URS
And the Chinese people are none too happy about it.
According to the official Xinhua news agency, the collapse of the Yangmingtan Bridge in late August 2012 is the sixth major bridge to collapse in the People's Republic of China since July 2011. Even more bridges have crashed since 2007. The government's official response is that overloaded trucks are to blame. Well, the Chinese are not stupid and more »
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They’re Building a What?
By Matthew DiLallo - August 24, 2012 | Tickers: CVX, CBI, EPD, PSX, DOW
Have you ever read a press release from a company you are following and they announce this brand new project and you have no clue what the thing will do? They fill the release with numbers and big words and you’re left there scratching your head and thinking this thing better work. If you had your wish the press release would be announcing a dividend increase or at least more »
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