The next big infrastructure play according to Cramer on Mad Money is AECOM Technology (ACM-NYSE). He called it the next Foster Wheeler (FWLT-NASDAQ). This just came public Friday and it should have had a better IPO than it had. It is almost back to where it started at the IPO, but he thinks they should be higher. Its operations are on all continents and it’s involved in many aspects of engineering and infrastructure company. It used to be part of Ashland Oil and has been its own operation since 1980, but it is mostly a non-energy play. The backlog is up 63% and was at $3.1 Billion.
Jon C. Ogg May 15, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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