Fluor (FLR) v Perini (PCR) - a Rising Tide does not Lift all Boats
Trader Mark (July 9th, 2008) Writes:
Fluor (FLR) and Perini (PCR) are in the same sector - infrastructure. That's about all they have in common. I have owned both at one time or the other, but clearly owning Perini (PCR) was a mistake. My thesis with infrastucture is to focus on the customer base - oil rich Arabs, trade rich Chinese, and essentially bankrupt (federal) US government with unending pocketbook (read: your taxes) who runs deficits to their hearts content. That was my error with Perini - unfortunately their customer base is heavily focused on non federal government Americans (although they are trying to change that) i.e. local governments, US customers who need credit lines - casinos for example [Jan 17: Perini Shows Collateral Damage of Tightening Credit + Slowing Economy]Construction company Perini Corp (PCR) said Deutsche Bank on Wednesday delivered a notice of loan default to the ...
Tags for this Post:
Base Oil, Bottomless Pit, Casino Project, Collateral Damage, Cosmopolitan Resort, Credit Markets, Current Market News, Flr, Hearts Content, Infrastructure Companies, Kuwait Business, Loan Default, Local Governments, Massive Difference, Perini Corp, Perini Pcr, Relative Performance, Rising Tide, Solar Business, Stocks to Watch, Us Department Of Energy, Wind 1
Base Oil, Bottomless Pit, Casino Project, Collateral Damage, Cosmopolitan Resort, Credit Markets, Current Market News, Flr, Hearts Content, Infrastructure Companies, Kuwait Business, Loan Default, Local Governments, Massive Difference, Perini Corp, Perini Pcr, Relative Performance, Rising Tide, Solar Business, Stocks to Watch, Us Department Of Energy, Wind 1


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