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Shaw Is Actually Cheap

By Jim Cramer

 About this article:
 Cheap isn't always relative. Consider the case of Shaw Group , the infrastructure play with the nuclear bent that has tons of business around the world building nuke plants that are competitive with oil and nat gas even at these prices, but obviously are much better for the environment. Shaw's doing great -- big order book, no cancellations or stretch-outs (unlike ABB or McDermott ), and most important, its stock is trading a mere dollar and a half above its cash. It's absurd, as the CEO told me last night on a pre-empted edition of the 6 p.m. "Mad Money." The valuation makes no sense. But it does, in one way: There is not a dime of money to be able to take Shaw private or for an acquirer to buy Shaw. This, even though anyone who thinks the future is not brighter than the past for nuke...

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