Updated from 7:06 a.m. EST

There is not a single global infrastructure company whose stock price has not been hammered due to fears of a severe economic slowdown, both domestically and abroad. Two examples are

KBR

(KBR) - Get Report

, which is still suffering from the liquidation of Tontine Partners and its mammoth 15 million share position, and

Foster Wheeler

(FWLT)

, which is down about 75% this year from its 52-week high of $85.65.

Based in Hamilton, Bermuda, Foster Wheeler designs and builds oil, natural gas and LNG processing and refining facilitates for companies such as

Exxon Mobil

(XOM) - Get Report

,

BP

(BP) - Get Report

and

Chevron

(CVX) - Get Report

. It has a superb balance sheet, sporting a healthy backlog of around $8 billion, $1.31 billion in cash and just $223 million in debt.

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