CBI

xboilermaker · 08-03-2005, 06:08 PM

I had the opportunity to work for this company for 8 years til 1980, and know that their field formen and pushers get bonuses for productivity (more cost savings = bigger bonus). Jubak mentioned CBI last week, and not mentioned was the fact that since they bought PDM (still not sure how they came out with the FTC suit), they now have the water towers and storage tanks sewed up along with the things Jubak mentioned. A caller inquired on Mad Money a month ago, and Cramer steered her to another company, can't remember which. I'm just hoping for a little pullback. Any others out there familiar with this stock, what do you think?

xboilermaker · 08-08-2005, 09:34 PM

Have done more checking and comparing, and find that this stock could have been a windfall to anyone, and I realize that Cramer says not to buy and hold, but Jan 2001, if I had put the $10,000 initial funding for my account 100% in Chicago Bridge & Iron, my portfolio would now stand at a cool 80 grand. And on the same 5year growth chart, I compared many good stocks to it, and only PDC came half way to the 800% mark. Also, except for a 1month spike in the year 2000, you can pick any point and a year later from that point, it was up significantly.
Instead, I have always tried to listen to this analyst and that, and after funding an additional $5000 last year, have yet to reach 20,000 at any time.
If CBI comes in just a little more (which is likely, for it was up 10%+ after Q2 report), I'm going to grab it for my largest holding.
With all these gas liquification terminals needing to be built (necessary to make it liquid before loading on ships), and all the other things they do so well, I think I'll do okay. Happy investing, all.

xboilermaker · 08-19-2005, 12:13 PM

My best day ever. Nearly $500 so far on my CBI alone. Everything up big except for that !@#@! SHLD.

helk · 08-20-2005, 05:01 PM

Glad to hear your having success. Make sure you're ringing the register on CBI at these prices. I may be wrong, but I wouldn't expect CBI to move past 30 without taking a nice break first. This stock has been pretty volatile over the past year so stay on top of it.

xboilermaker · 08-30-2005, 11:07 AM

To the contrary Helk, had my limit order in at 25.50 all last week, finally hit Friday. I see what Cramer means now, because I WANTED it to come down. My average price on three hundred was at 26.42, now my average on five hundred is only 26.05. Just got another contract for $130,000,000 plus in United Arab Emirates. Go CBI!

deepinwonder · 08-30-2005, 11:17 AM

I have stock in PDC, it's on First Call's analysts highest rated stock picks, but Cramer never mentions it. CHK owns 10% of PDC's stock, too.

xboilermaker · 08-30-2005, 11:23 AM

I picked up some PDC last week also, so far so good. I can not comprehend why I still am holding this SHLD, though, other than hating to accept my loss.

deepinwonder · 08-30-2005, 02:45 PM

Cramer didn't mention a lot of things about SHLD that investors should be aware of, when he was pumping it up for his charitable trust. Be careful.

You probably got PDC at a better price than I did. I bought it too high, right before profit taking. Not sure what I'm going to do about it, yet.

xboilermaker · 08-30-2005, 03:03 PM

Got my 200 at 14.90, trying to sell at 15.30. (put in limit order just a few minutes ago). Trying to free up funds to buy CDIS.

deepinwonder · 08-31-2005, 11:59 AM

I just sold mine, too, for 15.40. I got in at 15.85, but I didn't have that many, so it wasn't much of a setback. I am kicking myself for not buying OII and CDIS, after I posted about those two on here. TSO, too. You know, holding onto stocks that are worrisome or sluggish causes a lot of distraction and extra expense, because it keeps me from jumping into better ones when I should. Have to change the way I'm doing things.

08-03-2005, 06:08 PM	#1
xboilermaker valued contributor weekly challenge winner 2x Join Date: Aug 2005 Location: Rincon, Puerto Rico Posts: 612	CBI I had the opportunity to work for this company for 8 years til 1980, and know that their field formen and pushers get bonuses for productivity (more cost savings = bigger bonus). Jubak mentioned CBI last week, and not mentioned was the fact that since they bought PDM (still not sure how they came out with the FTC suit), they now have the water towers and storage tanks sewed up along with the things Jubak mentioned. A caller inquired on Mad Money a month ago, and Cramer steered her to another company, can't remember which. I'm just hoping for a little pullback. Any others out there familiar with this stock, what do you think? __________________ RinconPR.com - islandmon.com No Shoes, No Shirt, No Problem

08-30-2005, 11:17 AM	#6
deepinwonder forum leader Join Date: Jul 2005 Location: nc Posts: 1,183	re: PDC I have stock in PDC, it's on First Call's analysts highest rated stock picks, but Cramer never mentions it. CHK owns 10% of PDC's stock, too.

08-30-2005, 02:45 PM	#8
deepinwonder forum leader Join Date: Jul 2005 Location: nc Posts: 1,183	re: SHLD Cramer didn't mention a lot of things about SHLD that investors should be aware of, when he was pumping it up for his charitable trust. Be careful. You probably got PDC at a better price than I did. I bought it too high, right before profit taking. Not sure what I'm going to do about it, yet.

08-31-2005, 11:59 AM	#10
deepinwonder forum leader Join Date: Jul 2005 Location: nc Posts: 1,183	re: PDC I just sold mine, too, for 15.40. I got in at 15.85, but I didn't have that many, so it wasn't much of a setback. I am kicking myself for not buying OII and CDIS, after I posted about those two on here. TSO, too. You know, holding onto stocks that are worrisome or sluggish causes a lot of distraction and extra expense, because it keeps me from jumping into better ones when I should. Have to change the way I'm doing things.

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08-08-2005, 09:34 PM	#2
xboilermaker valued contributor weekly challenge winner 2x Join Date: Aug 2005 Location: Rincon, Puerto Rico Posts: 612	Have done more checking and comparing, and find that this stock could have been a windfall to anyone, and I realize that Cramer says not to buy and hold, but Jan 2001, if I had put the $10,000 initial funding for my account 100% in Chicago Bridge & Iron, my portfolio would now stand at a cool 80 grand. And on the same 5year growth chart, I compared many good stocks to it, and only PDC came half way to the 800% mark. Also, except for a 1month spike in the year 2000, you can pick any point and a year later from that point, it was up significantly. Instead, I have always tried to listen to this analyst and that, and after funding an additional $5000 last year, have yet to reach 20,000 at any time. If CBI comes in just a little more (which is likely, for it was up 10%+ after Q2 report), I'm going to grab it for my largest holding. With all these gas liquification terminals needing to be built (necessary to make it liquid before loading on ships), and all the other things they do so well, I think I'll do okay. Happy investing, all.

08-19-2005, 12:13 PM	#3
xboilermaker valued contributor weekly challenge winner 2x Join Date: Aug 2005 Location: Rincon, Puerto Rico Posts: 612	My best day ever. Nearly $500 so far on my CBI alone. Everything up big except for that !@#@! SHLD.

08-20-2005, 05:01 PM	#4
helk valued contributor Join Date: Aug 2005 Posts: 112	Glad to hear your having success. Make sure you're ringing the register on CBI at these prices. I may be wrong, but I wouldn't expect CBI to move past 30 without taking a nice break first. This stock has been pretty volatile over the past year so stay on top of it.

08-30-2005, 11:07 AM	#5
xboilermaker valued contributor weekly challenge winner 2x Join Date: Aug 2005 Location: Rincon, Puerto Rico Posts: 612	To the contrary Helk, had my limit order in at 25.50 all last week, finally hit Friday. I see what Cramer means now, because I WANTED it to come down. My average price on three hundred was at 26.42, now my average on five hundred is only 26.05. Just got another contract for $130,000,000 plus in United Arab Emirates. Go CBI!

08-30-2005, 11:23 AM	#7
xboilermaker valued contributor weekly challenge winner 2x Join Date: Aug 2005 Location: Rincon, Puerto Rico Posts: 612	I picked up some PDC last week also, so far so good. I can not comprehend why I still am holding this SHLD, though, other than hating to accept my loss.

08-30-2005, 03:03 PM	#9
xboilermaker valued contributor weekly challenge winner 2x Join Date: Aug 2005 Location: Rincon, Puerto Rico Posts: 612	Got my 200 at 14.90, trying to sell at 15.30. (put in limit order just a few minutes ago). Trying to free up funds to buy CDIS.