Sector Review Since the Financial Crisis: Engineering & Construction
This is the third in a series of articles on the performance of stock sectors since the financial crisis. The first article focused on steel producers while the second article was on women's apparel.
As with the first two articles, the goal is review a sector where stock prices remain drastically depressed from highs seen prior to the financial crisis back in 2006-2008. In some cases, this might be a sign that the sector was just overvalued back then and hence the current price is deserved. In other cases, this might signal that the sector has plenty of room for recovery especially if the global economy gets over the current soft patch.
Disclosure: Long FWLT in client and personal accounts. Please review the disclaimer page for more details. This information is provided for informational purposes and should not be relied upon as investment advice.