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Wednesday, July 11, 2012
Investopedia: Regulation Likely To Always Weigh On Shaw
It's hard to maintain a lot of enthusiasm for engineering and construction (E&C) companies like Shaw Group (NYSE:SHAW).
By their very nature, large projects take a long time to design, permit
and execute, and there is enough competition in the industry to prevent
anyone from making especially attractive economic returns for a long
time. That said, I do not believe Shaw's valuation
reflects the steps that the company has taken to reduce the risk of its
operations, nor the long-term realities of electricity demand.
Continue here:
http://stocks.investopedia.
Continue here:
http://stocks.investopedia.
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