Bilfinger CEO states they have only 4% exposure to the Middle East (low risk) and are seeing growth in Energy and Pharma sectors. The market may indiscriminately sell industrial stocks with "perceived" global exposure. Bilfinger is insulated from the war zone but benefits from the energy sector's capex spending. Long Bilfinger (via ADR BFLBY). A defensive industrial play amidst chaos. Broader European economic recession dragging down all industrials.