This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.
"Infrastructure is a clear priority for President-elect Obama," says Bill Wilton, editor of Zacks Growth Trader looks to construction management firm, URS Corp. (NYSE URS) as his top idea for 2009.
"Typically, as we get down to the last page on the calendar, most market participants have a concrete opinion on what the next 12 months will bring.
"This year we have the benefit of the soon-to-be president of the United States telling us what to plan for, given his stated plans to focus on the nation's infrastructure.
"URS Corp provides a wide range of construction management and technical services for several industries that should benefit from the Obama's plan.
"The particularly relevant sectors include transportation, general building, and utilities. The company services government entities as well as private and institutional clients.
"The current consensus estimate is $2.98 per share for 2009, which would represent over 11% growth. However, analysts have not revised their estimates following the Obama's announcement in early December. URS is also surprised Wall Street in its past 3 quarterly announcement.
"Shares of URS are currently trading near 14x forward earnings. The company's 0.31 debt-to-equity ratio should allow it to navigate the troubled credit markets next year better than its peers, who average 1.74."
Steven Halpern's TheStockAdvisors.com offers a daily look at the latest market commentary and favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.
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Reader Comments (Page 1 of 1)
1-05-2009 @ 1:37PM
nick said...
This being put out with the grace of MSNBC?