McDermott International: Better Weather Should Bring Better Results - Stephen Rosenman

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McDermott International: Better Weather Should Bring Better Results
May 15, 2008 10:47 AM UTC

Stephen Rosenman

Return	Risk
-7.89%	MID

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Symbol	Sentiment	Start	Return	Closed
MDR		05/15/08	-57.79%	--

Via Long Investment Ideas from Seeking Alpha:

McDermott (MDR), an engineering and construction firm, announced a terrible quarter, sending its stock from 60 to 53. MDR disappointed. The Street expected 69 cents, MDR delivered only 54 cents. The poor results were confined to its oil section; its smaller power and government divisions had strong results.

Oil:

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