4

At Least Some Houston Companies Might Not Fail, Magazine Says

^
Keep Houston Press Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Houston and help keep the future of Houston Press free.

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

Keep the Houston Press Free... Since we started the Houston Press, it has been defined as the free, independent voice of Houston, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Houston with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

 

Join the Press community and help support independent local journalism in Houston.

 

Join the Press community and help support independent local journalism in Houston.