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Company: Foster Wheeler (FWLT)
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  Severely oversold with strong forecasted earnings growth for years to come

Trading at a FAT 50% discount to its 52 week high. Slated to grow earnings by about 40% this year and about 23% over the next five years. It's trading at about 11 times this years earnings, compared to about 16 for the heavy construction industry. The company recognizes the discount it's trading at and has decided to purchase up to $750 million of its own stock (quite a substantial amount for a market cap of about $6 billion).

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