Cramer’s Next Infrastructure Stock (ACM, FWLT)
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…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
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.
Contact [email protected] for any questions or corrections.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
