In the Fast Money Happy Hour we go to Devin Tavern in Manhattan for Thursday’s trading buzz.
Manish Vora is the Director of Research, for Monness, Crespi, Hardt & Co., Inc. and he joined the panel for this conversation.
Vora said that large engineering and construction companies have been terrific performers this year, trading up nearly 100% YTD. However, the large E&C (engineering and construction) players are trading at high valuations so he’s focused on smaller E&C names that have backlog and international growth potential.
Vora recommended KHD Humboldt Wedag Int’l (KHD), a company with $1bn market cap, which trades at half the multiple. KHD is tied to concrete capacity in India, Russia and China, which Vora feels has lagged general construction growth.
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Trader disclosure: On Oct 18, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC); Najarian Owns ( C), (GOOG)(CY); Najarian Owns (SNDK) Options; Finerman Owns (C), (GS); Finerman's Firm And Finerman Own (ASD), (KALU); Finerman's Firm Owns (NYX), (MSFT), (LTD), (BIIB), (BEAS), (COP), (TGT), (VMSI), (WMT); Finerman's Firm Owns S&P 500 Index Puts; Finerman's Firm Owns Russell 2000 Index Puts