【出版时间及名称】：2009年12月美国建筑与工程机械行业研究报告
        【作者】：PRITCHARD CAPITAL
        【文件格式】：PDF
        【页数】：139
        【目录或简介】：
Table of Contents
Glossary ...................................................................................................................................................................... 4
Executive Summary ..................................................................................................................................................... 7
Near Term Outlook ...................................................................................................................................................... 8
Industry Overview ..................................................................................................................................................... 10
Macro Industry Drivers .............................................................................................................................................. 11
Oil & Gas ............................................................................................................................................................... 11
Emerging Gas Technologies ................................................................................................................................... 14
Refining/Downstream ............................................................................................................................................. 15
Chemicals/Petrochemicals ...................................................................................................................................... 16
Power ..................................................................................................................................................................... 17
Metals & Mining .................................................................................................................................................... 19
Infrastructure .......................................................................................................................................................... 20
Healthcare/Life Sciences ......................................................................................................................................... 22
Government – Military/Defense ............................................................................................................................... 24
Government – Department of Energy/Nuclear .......................................................................................................... 24
Concluding Remarks ................................................................................................................................................. 25
Fluor Corporation (FLR-$42.89) ............................................................................................................................. 27
Summary ................................................................................................................................................................ 28
Investment Thesis ................................................................................................................................................... 28
Operations .............................................................................................................................................................. 29
Outlook & Catalysts ............................................................................................................................................... 31
Management ........................................................................................................................................................... 32
Financial Liquidity.................................................................................................................................................. 33
Valuation ................................................................................................................................................................ 33
Financial Models .................................................................................................................................................... 35
McDermott International, Inc. (MDR-$21.04)......................................................................................................... 37
Summary ................................................................................................................................................................ 38
Investment Thesis ................................................................................................................................................... 38
Operations .............................................................................................................................................................. 39
Outlook & Catalysts ............................................................................................................................................... 42
Management ........................................................................................................................................................... 44
Financial Liquidity.................................................................................................................................................. 44
Valuation ................................................................................................................................................................ 45
Financial Models .................................................................................................................................................... 47
Jacobs Engineering Group, Inc. (JEC-$35.08) ........................................................................................................ 49
Summary ................................................................................................................................................................ 50
Investment Thesis ................................................................................................................................................... 50
Operations .............................................................................................................................................................. 50
Outlook & Catalysts ............................................................................................................................................... 52
Management ........................................................................................................................................................... 55
Financial Liquidity.................................................................................................................................................. 55
Valuation ................................................................................................................................................................ 56
Financial Models .................................................................................................................................................... 58
Foster Wheeler AG (FWLT-$30.70) ........................................................................................................................ 60
Summary ................................................................................................................................................................ 61
Investment Thesis ................................................................................................................................................... 61
Operations .............................................................................................................................................................. 62
Outlook & Catalysts ............................................................................................................................................... 67
Management ........................................................................................................................................................... 68
Financial Liquidity.................................................................................................................................................. 69
Valuation ................................................................................................................................................................ 69
Financial Models .................................................................................................................................................... 71