Shaw Group down $4/share; 13% in pre-market. lost $70MM in fiscal Q3 compared to $68MM profit last year. A loss of $0.89/share.

This is what get's me: "On average, analysts polled by Thomson Reuters expected earnings of $0.68 per share."

What are these analysts smoking? Why are they so far off the mark? Buying opportunity here?? LINK

This post was edited on 6/29/11 at 7:29 am

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Posted by Htown Tiger

Houston

Member since Sep 2005

2320 posts

Posted on 7/3/11 at 9:16 am to tigerpawl

Everyone I've talked to that has done business with them has outstanding claims against them. Do they really suck that bad?

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Posted by penthouse

San Diego

Member since Jul 2005

1298 posts

Posted on 7/3/11 at 11:29 am to Htown Tiger

I would imagine that the worldwide nuclear power industry being under regulatory attack has provided downward pressure on the stock.

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Posted by LifeTimeTiger

Baton Rouge

Member since Dec 2003

727 posts

Posted on 7/4/11 at 1:22 am to tigerpawl

Read the quarterly results. Job in Singapore went south and south Texas project was cancelled because of Japan crisis. Otherwise they would have made 70 for the quarter.

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Posted by BRTiger2005

Member since May 2005

1270 posts

Posted on 7/5/11 at 12:23 am to LifeTimeTiger

Yeah, it looks like they took a $100 million dollar hit on a job, and had around a $40 million dollar impairment on another.

Not good.

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Posted by Camp Randall

The Shadow of the Valley of Death

Member since Nov 2005

16485 posts

Posted on 7/5/11 at 6:36 am to tigerpawl

I've been close to buying shaw a few times and I've always held off. I've never regretted not buying in.

I wish I could say the same for a few other companies.

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Posted by Zilla

Member since Jul 2005

10629 posts

Posted on 7/5/11 at 1:03 pm to tigerpawl

so many better stocks out there....why waste your time with SHAW unless you are shorting it...but you missed that

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