Juxtaposing MDR with FLR in after hours action (both released earnings today), I can't help but think...
1) Always stick with best of breed. I knew going into the "casino" that FLR/FWLT were better firms than the MDR/CBI cohort, yet I sitll chose the latter because it had been "beaten down" more and appeared cheaper.
2) I had the right idea just the wrong execution. Global infrastructure is not dead as FLR/FWLT's numbers indicate. Even MDR is seeing pretty decent growth (19%), they missed by 1 penny (.77 vs .78 EPS) so frankly I think the after hours reaction is a little overdone. Nevertheless, this "casino" trade backfired in my face and now I learned two expensive lessons.
Position: Sold MDR A.H.
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