Jacobs Engineering Group, Inc.
It is important to differentiate between needs and wants when it comes to assessing companies as investment candidates. Team (NYSE: TISI), which provides specialty industrial services related to maintenance of piping systems, is an example of a company which delivers non-discretionary “need to have” services to customers.
Moats that matter
Piping systems are subject to hydraulic and corrosive stresses. Team's customers are not likely to be penny-wise and pound-foolish more »
If there is a common thread in the history of America’s growth to global economic dominance in the 20th century, it is the story of our collective investment in a public infrastructure. This era saw massive investment in public roads, public water and wastewater systems, urban public transit systems, aviation, ports, energy, and the schools to develop and maintain a skilled labor force. One might observe that this more »
After making additional regulatory filings in late February, EnergySolutions (NYSE: ES) appears on track to take itself private in a deal valued at around $1.1 billion in the aggregate. At the same time, the company has provided updated guidance that hints at a potential turnaround in its sliding revenues. Although this may come too late for regular investors who wish to get in on the current deal, it does more »
Glenview Capital, a hedge fund managed by Larry Robbins, owned 4.6 million shares of URS Corp (NYSE: URS), a $3.5 billion market cap company providing engineering and technical services, according to a recent filing with the SEC. We, at InsiderMonkey, track quarterly 13F filings from hedge funds such as Glenview and other notable investors; while we primarily work on developing investment strategies based on the included information (for more »
If, as is being reported, President Obama makes the main focus of his State of the Union speech not the hot button, front of the discussion topics of debt, immigration and guns but instead the economy and infrastructure renewal in the United States, it will be a not-so-quiet statement that he's taking his second term seriously. More seriously than many of his supporters and detractors, frankly.
Infrastructure improvement and more »
The world has a lot of construction needs at the moment. Beyond housing construction, governments, and large corporations around the world are backed up on infrastructure development. According to the McKinsey Global Institute nations around the world are going to need $57 trillion worth of infrastructure construction by 2030 to keep pace with global GDP growth.
That is a lot of construction.
It's spending we could use, too. I more »
Few professionals have brighter hopes in the near future than architects. The Architecture Billings Index recently rose for the fourth consecutive month to a new post-recession high. It appears that architecture is back after languishing for years during the Great Recession. It is expected that a large amount of pent-up demand exists for architectural services and one company that should benefit is Jacobs Engineering Group (NYSE: JEC).
But why pick more »
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 »
In January 2012 Japan’s Inpex and French energy giant Total (NYSE: TOT) launched a multibillion dollar project called Icthys in order to take advantage of the liquefied natural gas (LNG) boom in northwest Australia. The project requires a 500 mile sub-sea pipeline routing between offshore natural gas fields and Darwin, Australia. Once in Darwin the gas is then liquefied in refrigeration trains for export.
Total is not the only more »
Hello and welcome to my journey of pricing the S&P500 companies, one at a time. I started Dec. 6, 2011. Let's keep going.
276. Watson Pharmaceuticals (NYSE: ACT) is down from $70 where it topped in 2011. At the present price of around $62, I think that there is a little upside here. Target: $63-$68. My 2012 EPS estimate is $5.60, which puts this at a more »