According to a Chicago Bridge & Iron (NYSE: CBI)
presentation, the LNG project capital expenditures over the next two
years will reach over $70 billion. The spending will reach a plateau in
2015 at over $45 billion and max out around $50 billion in 2017. Not bad
for a market that topped out around $30 billion in 2012 and plunged
this year.
Probably not surprising, but a main beneficiary will be more »
Disclosure: No positions mentioned. Please review the disclaimer page for more info.
1/2/19 Update Camping World announced a major reorg including the hiring of a new CFO. The sudden resignation of the President of RV Operations looks more and more like a personal decision due to a disagreement with the organizational shifts and his new place in the business. The stock is up about 5% to $12. Considering these reorgs usually occur when business is struggling, the recommendation isn't to jump into the stock on the rip. Continue to use dips to buy Camping World for the long term as 2019 could be another rough year. Original Article The last thing a weak stock needs is an executive departure. Camping World (CWH) is crashing to new lows based on the surprise resignation of the President of RV Operations. One of the reasons to invest in Camping World was the solid management team lead by CEO Marcus Lemonis and other executives like Roger Nuttall with decades of experience in the industry. Naturally, the market is worried by a surprise move on a Friday even
Lam Research (LRCX) reported a strong quarter after the close and the stock is up about 5% in initial trading. The company provided the market with $5 billion reasons to own the stock.
Baidu trades down $25 due to the departure of the COO from daily activities. The company has a long history of growth without the involvement of Qi Lu. The stock continues to trade favorably to domestic peers despite massive margins. Despite being a dominant player in the fast-growing internet space in China, Baidu ( BIDU ) consistently trades at a discount to American peers. The departure of a key executive and an analyst downgrade provide another gift to own this stock on a $25 dip and at levels from back in 2014. Read the full article at Seeking Alpha. Disclosure: Long BIDU. Please review the disclaimer page for more details.
Comments