+ Watch MDR
on My Watchlist
An engineering and construction company, McDermott focuses on work for the offshore oil and gas industry.
because players that are better than me have picked it.
cheap, will win some bids and increase revenue
MDR has a relatively new CEO with extensive deep water experience who will likely help to turn around the company's troubled division. Doing so would improve margins and in turn share price. Add to that an understated book value and I'm willing to play the stock here in CAPS. Deej
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.
I see a triple bottom. Or is it quad bottom?
low price entry ...major player in the off shore drilling field...expect a double from here ..minimum
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.
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.
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
Oil industry needs a lot of engineering as the drill deeper and deeper.
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