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McDermott (MDR +16%) is one of today's major movers after its better than expected Q1 assures...

McDermott (MDR +16%) is one of today's major movers after its better than expected Q1 assures analysts the company is returning to normal levels of profitability with strong growth in operating margin, ensuring it will be able to meet earnings goals. Revenue came in light but a Q1 $5.8B backlog of work should make up for that over time.
Comments (1)
  • BlueOkie
    , contributor
    Comments (6655) | Send Message
     
    After its spin off of BWC I continued to buy. And it continued to drop. I think it is ready for a bounce back.
    11 May 2012, 03:51 PM Reply Like
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