Foster Wheeler Corp. | StockChase
4
Foster Wheeler Corp. (FWLT-Q (Unliste)

Last Price Recorded: $27.5200 on 2014-12-03

ON STOCKCHASE SINCE Feb 2008

No longer listed on the TSX (December 2014)

contractors

Foster Wheeler Corp.


Signal Opinion Expert

2012-04-11

COMMENT
Foster Wheeler Corp. (FWLT-Q (Unliste)
Interesting stock. Big engineering firm that fell after 2008 and didn't recover because their project costs were too high. Were bidding too low and not earning any margins. Have been paying off debt and recently got their credit rating upgraded. Starting to increase their cash to the degree that gives them a little more firepower to make acquisitions or get more bids in with better margins.
contractors
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $21.560
Owned: Unknown

2009-09-21

TOP PICK
Foster Wheeler Corp. (FWLT-Q (Unliste)
Global engineering, construction and power equipment. Very exposed to energy, particularly in building refineries and petrochemical complexes. Builds the largest clean coal plants globally because of their technology. Had a lot of trouble when they acquired a lot of companies and created a lot of debt 6 - 7 years ago. Contracts are now starting to flow again.
contractors
Alexander Lane, B Comm, C

Vice President & Portfolio Manager, Dynamic Funds

Price: $33.940
Owned: Yes

2008-08-21

DON'T BUY
Foster Wheeler Corp. (FWLT-Q (Unliste)
In the infrastructure space and heavily tied to energy. If energy continued to rally, this would probably participate. The real question is reduced growth outlook in emerging markets and growth markets. Thinks there will be more money in infrastructure but currently there is negative psychology around this area.
contractors
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $50.610
Owned: No

2008-02-15

BUY
Foster Wheeler Corp. (FWLT-Q (Unliste)
A wonderful company. Global infrastructure is a theme that he would like to be an investor in. There will be billions of dollars spent in the coming years. Just beat their most recent quarter by 20%. Have long-term contracts. Be aware that because credit spreads have widened out it is getting tougher to finance big infrastructure projects.
contractors
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $71.930
Owned: Unknown

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