At Least Some Houston Companies Might Not Fail, Magazine Says
BREAKING NEWS (MUST CREDIT HAIR BALLS!!!) -- The stock market is in trouble. We'd put up some links if anyone was bothering to cover what we, at least, think is an important story.
One media outlet that is covering it is Forbes magazine. They've come out with a list of five companies that it might be smart to invest in if, indeed, Obama goes all FDR and starts work projects like fixing what is always referred to as "our nation's crumbling infrastructure."
Two of the five companies are right here in Houston.
The first, no surprise, is Halliburton (Or KBR, as it calls itself now, taking the "Halliburton" out of the name like KFC took out the "Fried").
War, depression -- is there anything that isn't good for Halliburton?
The other company is Sterling Construction:
This heavy civil contractor, which has a market capitalization of about $150 million, works as a general contractor for public agencies in Texas and Nevada. Its transportation infrastructure projects include highways, roads, bridges and light rail, and its water infrastructure projects include water, wastewater and storm drainage systems.
Forbes says the company's prospects look bright because, in part, Houston is going to get very busy very soon building a light-rail system, and the state government of Texas has approved $1.8 billion in new construction projects.
We'll believe both those things are going ahead full-speed when we see them, but who are we to question Forbes?
-- Richard Connelly
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Houston, delivered to your inbox Monday through Friday.