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Fairfax buys FLR


LR1400
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I just saw where Fairfax purchased some Fluor shares, not a lot though. I just visited Fluor's office in Sugar Land. All I heard from the people I talked to was doom and gloom. The company has little true US backlog and they are down to 1000 people from over 3000 in past times. I wouldn't buy this company at 41 p/e.

 

I just don't see the value there. They are a good company but I just can't see the value at this price.

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