Recent weakness due to the drop in energy prices provides an attractive entry point for Chicago Bridge & Iron, said Tom Sudyka, portfolio manager for the LK Balanced Fund. Sudyka added that Chicago Bridge & Iron will continue to win new multi-year contracts and boasts a backlog around 3 times annual sales. He is also positive on the Cato Corporation, saying the Southeastern retailer will benefit from rising wages and lower gas prices. Finally, Sudyka is bullish on Texas Pacific Land Trust, saying the company’s shares are oversold and it will continue to derive revenue from oil and gas royalties despite the downturn in oil prices.
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