#RAGETRADE – Bought FLR

Sneaky Falcon Enterprises, LLC has purchased 100 shares of the Fluor Corporation (Ticker NYSE:FLR).

 


The 100 shares were bought at a price of $52.24, for a total cost basis of $5,230.95 (with commission). This is Sneaky Falcon’s largest single investment to date.

Fluor is a large, full service industrial construction company. With many major infrastructure projects ongoing across the globe, Fluor is poised for slow, steady growth.

With so much cash in the bank, putting it in something stable (and with a dividend) instead of letting it sit idle seemed prudent. Making a little money while waiting for more aggressive opportunities is the right play for us at this time.

This pick took us in a different direction than we had been heading, yet in many ways got us back to our original approach of seeking solid investments in companies that we believed to be undervalued. Seeking stability in such a seemingly unstable world currently is probably not a bad thing, and some extra dividend cash flow won’t hurt either.

On our portfolio page, you can see all of the other companies we have invested in.

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Sneaky Falcon Admin

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