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Amec Foster Wheeler looks set for recovery

By Gary Newman | Saturday 29 August 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Amec Foster Wheeler (AMFW) has seen its share price hammered in recent months, but that could present a good buying opportunity. AMEC (as it was formerly known) took over Foster Wheeler in November 2014 to form the new combined entity, and at the time the new shares were trading around the 1100p area, but since then it has had lots of ups and downs and has failed to regain those highs.


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