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What's the next bubble? Perhaps it's the global spending on infrastructure. No doubt, there will be some big-time winners, especially large engineering companies. One example: Siemens AG (NYSE: SI), which is the largest engineering operator in Europe.
Interestingly enough, the company said that – over the next three years – it will win about $21 billion in projects from the stimulus bonanza. Something else, roughly 40% of the projects will involve environmental technologies.
While Siemens' estimate sounds big, it is still a small percentage of the largesse. Obviously, there will be many beneficiaries such as GE (NYSE: GE), Jacobs Engineering (NYSE: JEC), Fluor Corporation (NYSE: FLR) and so on.
Now, there are still some problems. Siemens indicated that there has been a drop-off in private business. Also, government contracts can be time-consuming and bureaucratic. Yet, the fact is that there is about $623 billion in stimulus projects up-for-grabs, should represent a nice stream of business for some time.
Tom Taulli is the author of various books, including The Complete M&A Handbook
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