Back in February, Foster Wheeler drew my attention. Having no clue about what the company actually does, I was drawn to its fundamentals and accelerating earnings growth. Then, in the spring, FWLT missed earnings estimates, and I lost interest. Too bad. The fundamentals of the Co were still healthy, and the stock price drop turned out to be a buying opportunity for anyone who really stayed on top of the stock.
FWLT won't be a buy for some time, but it'll come. When it hits the skids, it goes down fast, in RIMM-like fashion. But Foster Wheeler keeps bouncing back.
Pupule's Top 25 (Dec. 25)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment