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.

Anyone Here Seen Keller? Today’s Floods May See This Construction Engineer Floating High Later On.

By Malcolm Stacey

26 January 2016 01:24

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Hello Share Samplers. As I write this, there is a dire threat of the heaviest rainfall in my West Wales neck of the woods for 100 years. It seems to be the next incarnation of that huge snow fall which covered New York. Though as the temperature here is a mid spring 13 degrees, it will fall as rain, not the magical sparkly stuff.

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Comments

wildrides

26 January 2016, 02:59

Last time I saw him he was leaving New with his tale between his legs and muttering manically “working hydrocarbon system , trap , seal, , oil shows “ repeat .
James

26 January 2016, 06:15

Malcolm,

I think its worth adding that Keller fits in the “Dividend Heroes” group with dividends either held or increased for at least 10 years in a row now and whilst recent cover has been low in some recent years, it should increase to 3 times cover with 2016 results per analyst forecasts.

Shares have fallen almost 30% since their 2015 peak and the sell-off looks overdone given the value embedded in the company. I think some of the sell-off was related to concerns about US business and there is some currency risk, although the strengthening of the USD should offset some weakening of the EUR. The company has a solid order book and better visibility than some organisations on future earnings.

Forward P/E is just over 8, which looks low for a quality company like Keller.