To whit, bring on the sample charts - erase the names in the left corner and they all are essentially the same.

2 Premium Names - nearly identical to each other



2 Everyone Elses - nearly identical to each other


If credit were available we'd be expecting a massive wave of M&A activity but right now, it just seems everyone sits on their hand. For $22 Billion you could own all 7, roll it into ChicagoFluorEngineeringWheeler Group (INFR) and lock up most of this talent (human capital) and set your own price on projects - well, at least the 98.8% that are not going to be cancelled - I meant the Obama projects. The market already treats them as the same company so why are we bothering with 7 CEOs, 7 auditing committees, 7 ticker symbols, 7 corporate headquarters, etc? Too bad those fools in private equity were too busy the past 3-4 years buying up retailers and other cyclical industrials, and saddling them with huge debts as they extract their blood, or else they could jump in here. Last October when we looked (Oct 7 2007: Sector Focus - Infrastructure) just buying Fluor and McDermott would of set you back $28 Billion. Blue Light Special in Infra.

*Please note I did not include URS (URS) due to roughly $1B in debt