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An engineering and construction company, McDermott focuses on work for the offshore oil and gas industry.
Hello Dark Fluid my old Friend, I've come to see you once again.You and your stinky gaseous friend. Your the only hope before the end.
Undervalued and improving as a business.
Added for further research.
Undervalued at $2.93, recent additional contract wins.
MDR probably might drop in the next couple months. After that, once their new fleets are operational, I think the stock price will pick up.
because players that are better than me have picked it.
cheap, will win some bids and increase revenue
Bad news already priced in; selloff is overdone. McDermott will bid on a large number of jobs in the near future; if it wins even a few bids, the stock has nowhere to go but up. Disclosure: I just bought a small position.
MDR has fallen significantly from over $13 per share a few months ago, to under $9 today. This drop is due to missed earnings.This stock has all the marks of a stock "on sale." PE ratio, price-to-book, and debt levels are lower than many of their competitors. Current ratio is in-line with competitors, return on average assets is higher than competitors.It may take a while for price to recover, but with current price near 52 week low, and a recent support-level check, I think it's a good entry point.
Lots of backlog
A solid balance sheet, a backlog of orders point to a solid 2013 even if earnings disappoint in Q3 & 4.
Good entry point here.
This stock will climb. It had a bad earnings report in October, but will climb for sure. It is a strong company with much profit, cash on the books and many billions of dollars of future bids. This stock will start climbing in December if nto sooner.
Strength on a big down-day = attractive, as are their fundamentals.
new goverment contracts
waiting for spin off
international economic recovery will spur intensive development of infrastructure and energy resources
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