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If You Like Chicago Bridge & Iron, You May Want To Own Oil Infrastructure Construction Firm AMEC

2014-09-10 11:52:40| Industrial Machines - Topix.net

Earnings revisions to the downside, mainly due to currency fluctuations, will hurt share prices in the short term, but the Foster Wheeler acquisition will be the future driver of higher earnings. While not as large as CBI's backlog, AMEC and Foster Wheeler combined have an order backlog of $10 billion.

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