Fluor, Inc. is a worldwide leader in the engineering and construction industry.

The company designs and builds the most intricate and challenging of construction projects.

With offices located in 25 countries, its clients are the largest companies in the world. National governments often turn to Fluor for advice and design services.

Shares are down nearly 50% because the recession has led to project cancellations and delays. Regardless, with a return to more normal economic times the company will benefit from the renewed demands of developed countries and increasing demand from emerging nations ... such as China ... and Latin Amenca.

For investors who want to buy low with the hope of someday selling high, this stock is worth considering. A price of $46/$47 and a dividend of 1.1% make this an interesting idea for patient investors.

The company’s financial strength is A++. It is appropriate for moderate investors who are not bothered by volatility.

Preston F. Sanders is a Chartered Financial Consultant and Registered Investment Advisor. He lives in Washington, Georgia, and can be reached at prestonsanders@bellsouth.net.

NOTE: Any investment can lose value. Don’t buy any stock without a careful evaluation of it’s appropriateness for your situation. See your financial/investment advisor.