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An engineering and construction company, McDermott focuses on work for the offshore oil and gas industry.
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.
New contracts and solid reputation.
Big oiL service company. should start to recoup soon as woulddemands more oil.
Good entry point here.
Valued less than its peers, and though carrying a premium when comparing growth expectations, I expect macro trends to keep oil prices high and drilling services in demand. I may give up points in the near term, but the longer term still seems promising.
WAYYYY too beaten down
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.
Solid company oil will be up due to recent price constant.
Increasing global political turmoil and government meddling show that Oil and Gas are going to continue to be the hottest play on the table. Time to place your bets.
new goverment contracts
waiting for spin off
international economic recovery will spur intensive development of infrastructure and energy resources
Oil industry needs a lot of engineering as the drill deeper and deeper.
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