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Chicago Bridge & Iron: The Hidden Asset That Will Drive Future Profits

2015-11-12 20:10:20| Industrial Machines - Topix.net

This company provides engineering, procurement, fabrication and commissioning for projects involving hydrocarbon processing plants, LNG terminals, pipelines and other steel structures and facilities.) My investor's eye first gazed on Chicago Bridge & Iron after the debut of a short report by Prescience Point. According to Prescience Point, "The report reveals how the company has used creative acquisition accounting to conceal losses, resulting in GAAP financial statements divorced from its economic realities.

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