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$16.74 -2.27 (-11.94%)
10/7/2008 4:03 PM

McDermott International (MDR)

CAPS Rating:
*****

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 annoyance (20.25) Submitted: 6/19/07 5:54 PM : Outperform Start Price: $37.18 MDR Score: -21.02

huge back orders for construction
acquisition for 260 million of new service boats for quality harsh environment sub-sea oil services.
Offshore rig industry booming in general
earnings estimates that need to be much further revised due to last quarters blowout.
Look for earnings of 6 bucks a share on the year with a multiple of 20 sending this stock around 120

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Avatar SidBord (30.89) Submitted: 7/25/07 4:54 PM

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I think maybe you are correct about this one. I started following it recently (July 07). Yesterday it closed about 86 with a PE of 22.8 ... not bad! And it's a good industry to invest in. I've been following several similar outfits, and they all have PE's in the low 20's. Also, when you look at their price charts, they are well-behaved ... very little volatility, which makes me more comfortable for the long haul. I also like RIG and OII (this is "O" followed by 2 "eyes"). Looki at their charts too.

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