Our New Cyclical
Let’s hit the ask price of $48.91 right now for Foster Wheeler (FWLT). Jim said on May 5th that there is a huge infrastructure build out coming and that if you think the President will push through new refineries, you will win with Foster Wheeler. He also said that another reason to buy the stock is because the asbestos lawsuits are behind it.
So FWLT replaces PCAR in our Portfolio Smackdown.