Naughty stock, very naughty and bad. Foster Wheeler is a tremendous company that missed estimates in its earnings report this morning. Demoted from A- to B+. With infrastructure spending looming as a necessity across the nation, I expect FWLT to bounce back in Q3 and Q4.
Until then, no longer one of my top stock picks. Still in good company ... but momentarily disappointing.
Pupule Paul has no position in FWLT.
No comments:
Post a Comment