Tuesday, September 8, 2009

Foster Wheeler Breaking Out

With the $31+ close, FWLT has officially broken out. Nice analyst call with a $35 target and a contract in Poland. FWLT remains one of our favorite plays as the developing world continues to need new energy power generation and construction projects. We look for FWLT to easily surpass that target this year with huge projects in Australia, Middle East, and Asia to be awarded now that the global economy is back growing.

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