McDermott International (MDR)

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An engineering and construction company has three reportable segments: Offshore Oil and Gas Construction, Government Operations and Power Generation Systems.

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Avatar Smoot44 (< 20) Submitted: 6/20/07 12:41 PM : Start Price: $24.56 MDR Score: -2.49

McDermott is going to be solid for the next 3-5 years in my opinion. I work in the industry and there is going to be tons of work for the rest of the decade. If you are also looking for another idea look at crane companies, it goes hand and hand with the Oil and Construction industry.

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Avatar SidBord (30.89) Submitted: 7/29/07 2:38 PM

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MDR had a nice growth pattern on the price chart until 7/19/07 when it closed at $91.91. For the next 7 days it dropped to $79.40 on 7/27/07, a 13.6% drop. It looks to me like it might go down a little more, then it should begin a recovery. At $79.40 the PE was 21.0. Since March it has had a growth rate of 2.2% per week. I think it should be looked at now for buying possibilities. SInce I'm not sure why it dropped 13.6%, I'm going to watch it closely before committing any cash.

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McDermott International (MDR)

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