After spending much of 2010 at a four-star rank, Jacobs Engineering
The downturn hasn't been easy on Jacobs Engineering and competitors such as Fluor
Since I made my bullish call on the company late last year, many investors have piled on, citing the long-term prospects of the company and a sector that is out of favor right now.
Investors are constantly looking for signs of improvement in capital spending, and Jacobs' management believes the cycle may be at or near a bottom, with several areas beginning to show promise. While refining continues to be a tough spot for companies like Valero
Companies like BP
After pulling off some recent acquisitions, Jacobs Engineering still has the capacity to scout for more, and it currently sees good opportunities for expansion in areas like the Middle East, China, and India. The company's healthy balance sheet and cash balance put Jacobs in a strong position to go after weaker players.
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