AECOM Technology (ACM) provides management and design services for major construction projects, and 28% of its revenue comes from transportation. It's paying close attention to President-elect Obama's plans for the nation's infrastructure, reports Investor's Business Daily's "The New America". "If (the Obama plan) takes place, that will serve as a driver for growth," points out
Joseph Foresi
with
Janney Montgomery Scott
. In its fiscal 2008, which ended September 30, the company's profit increased 22% from fiscal 2007 to $1.40 a share, as sales were up 23% to $5.2B. One key to its success during the economic slump is that about half its business is outside the U.S., and it has made some acquisitions. Analysts see growth gradually slowing over the next few years: They expect 20% growth next year, 19% in 2010, and then slowing to single digits. [Reference Link]:[http://www.investors.com/editorial/IBDArticles.asp?artsec=7&issue=20081224]
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