KBR (KBR Inc)

KBR is an engineering and construction services company... Nothing too exciting but they seem to have adiversified client base dealing with both government infrastructure as well as energy customers.

The stock came public at $17 and traded above $21 the first day. It consolidated for its first 3 weeks of trading and then made an incredible run up to 27.63. Since then it has pulled back grudgingly and the last week has shown signs of life again.

I don't know enough about this company to take an investment position and I'm not sure that I'm all that excited about the industry. However, the buyers are clearly out for this stock and It looks like a good risk/reward situation as the possibility of another strong run is looming.

Jan 26, 2007

After my purchase, the stock sold off sharply but then made a decent attempt at a rally. I was briefly positive on the position but the last 2 days have seen more selling both in the stock and yesterday in the overall market. I am trying to lower exposure so this name seemed a natural one to cut. I took a moderate loss but it is significantly less than the 10% manditory stop.