Can't say I took the deal for KBR shares.Though I happen to be bullish on the success of the company it appeared at the debut of the IPO that the street felt the same in spades. That is, based on P/E 30, I don't feel that sufficient earnings growth could be had to justify the multiple.Having said all that, I do believe KBR is positioned to prosper in the long term from renewed focus on liquefied natural gas monetization as KBR builds LNG plants. Moreover, there is a strong need for refinery construction and KBR has strength there also. G&I unit is ultimately not so profitable. Perhaps KBR will ultimately spin-off this unit or sell to larger gov't contractor.I'd be happy to pick up appropriately priced KBR shares,but haven't found my strike point yet.A--who doesn't closely follow KBR as he's focused on HAL.
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