Is Fluor Stock a Buy?
When a stock has lost a lot of value, it is often a good time for investors to consider buying low, particularly if the company has solid fundamentals or is in an industry poised for a turnaround.
But before doing so, itʻs important to examine why it dropped, and what the company has done to address any issues. Take, for example, Fluor (NYSE: FLR), an Irving, Texas-based construction and engineering company that works primarily in the oil and gas and government sectors.
Fluor has had a rough couple of years. The stock price was down 41.3% in 2019, and over the past three years, through Jan. 31, it's dropped about 67%. From the beginning of the year to the time of this writing, its share price is down about 4% to around $18. Is it a good time to buy?
Source Fool.com
