McDermott International (MDR)
An engineering and construction company has three reportable segments: Offshore Oil and Gas Construction, Government Operations and Power Generation Systems.
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Solid balance sheet.
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the need for energy. McDermott a leader. good leadership. going higher!
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insider buying
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Oil industry needs a lot of engineering as the drill deeper and deeper.
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oil, gas, utilities, and (sadly) government are all growing industries
MDR is a federal contractor and Panama has good tax benefits
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30,79 8 July 2009
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Stock was hit hard but has rebounded nicely. Still a lot of room to grow with dependence on energy and oil.
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Retraced to ridiculous bargain price.If you missed still
plenty of time to do your dd and get long.
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cash on hand! hiring 250 new people in this economic down turn. record work back log! large US and international revune!
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Good earnings. Beat estimate.Have some very large contracts.
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Another oil play, but it's a mover.
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Since consolidating its operations in Houston (post Katrina) this company has consistently outperformed the S&P. Unfortunately for investors, it has not paid a divided since 2000. Its sudden dip below the S&P should not affect it's long term performance.
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Oil will soar again.
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I'm putting it in a bag with JEC and other engineering/infrastructure plays.
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Loaded with cash. Infrastructure play. A multi-bagger without the risk.
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Farming season is just around the corner. People need to eat globally. Don't be without this stock in the up coming months. Recession or not.
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mdr-fools look at this buy price-this company is going to benefit alot from the obama plan more than most fools realize. this is a highly explosive stock that is going to make many people wealthy. buy & hold 3/5!!!!!!!!!!! fool on
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Way under priced. Continues to get global contracts.
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Today MDR submitted an earnings review report indicating that the bottom to this weak economical cycle for MDR would end in the first quarter 2009; CEO reports that the company's backlog exceeds the prev time period. complete earnings report will be March 2, 2009. COMPANY expects great earnings henceforth in '09.

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