JBL: Getting All Worked Up Over Nothing

I swear Wall Street is sometimes like a bunch of old men sitting around a barber shop -- telling the same old stories and getting worked up over nothing. Recently, Wall Street has been getting worked up about Fluor (FLR Quote), which is in the investment doghouse. But Fluor's death is greatly exaggerated.

Fluor's raison d'etre is building things fast -- and well. When it recently moved to Las Colinas, Texas from Southern California, Fluor completed a three-story, $60 million headquarters building in eight months, a project that would take most builders 12 to 15 months.

Fluor is rebuilding Iraq's water system and installing thousands of temporary homes in hurricane-damaged Louisiana, one of over 80 disaster areas where the company has provided services to the U.S. government. Fluor is even overseeing the construction of pedestrian tunnels that lead to subways at the World Trade Center. It's also involved in major transportation projects, including building State Highway 130 in my home state of Texas. ...