FLR: Fluor is ready to fly higher !

Fluor FLR 36.55 as 3/22 target price 45.00 a share by 9/09 Cramer thinks increasing oil prices will boost business for an infrastructure play like Flour.Fluor Corporation (Fluor) is a holding company that, through its subsidiaries, provides engineering, procurement and construction management (EPCM) and project management services. Fluor serves a number of industries worldwide, including oil and gas, chemical and petrochemicals, transportation, mining and metals, power, life sciences and manufacturing. Fluor is also a primary service provider to the United States Federal Government. It performs operations and maintenance activities for major industrial clients, and also operates and maintains their equipment fleet. The Company is aligned into five principal operating segments: Oil and Gas, Industrial and Infrastructure, Government, Global Services and Power. Fluor Constructors International, Inc., which is organized and operates separately from its business segments, provides unionized management, construction and management services in the United States and Canada, both independently and as a subcontractor on projects to its segments.Flour is best of breed when it comes to American infrastructure stocks. They have a tremendous balance sheet, with over 2 billion in cash and only 18 million in debt coming due over the next five years. Management is very knowledgeable.cash on hand .great sector. this company has its hand in major developments across the world on current projects and currently planned future projects. I learned about FLR through research on USU (energy/uranium play) which has a large plant being built, borrowing big bucks to do so, and FLR being hired for the project. FLR's foothold on the industry has positioned itself well for the next decade. They have been conservative with their balance sheet and not overextended themselves during the boom years, and now, at today's levels, appear to be fairly priced - expecting this company to be perform well ahead of the S&P 500.best of breed. Perhaps Flour will use its strong balance sheet to make a few acquisitions.trading below it's lower bollinger band, and a 1.35 Beta, I suspect this cash flushed company will beat...no destroy the S&P when the markets turnaround. It's also got very attractive fundamentals, with 2009 earnings not to bad relative to 2008 . Until the package come thru within the next few months , buy on the dips down. http://www.madmoneyfund.blogspot.com/