Two Deeply Undervalued Industrials
Chicago Bridge & Iron's (CBI) acquisition of Shaw Group (SHAW) generated a lot of buzz from the financial punditry yesterday, especially given its 60%-plus acquisition premium. It also shined the spotlight on the beaten-down and unloved construction and engineering sector.
I have been thinking for some time that stocks in this sector are deeply undervalued from a long-term perspective, given that many of them are selling at minute fractions of their annual revenue, among other value metrics. Here are two very cheap plays in this area that deserve higher valuations....312 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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