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McDermott International Inc. Message Board

  • spectracide spectracide May 9, 2013 10:37 AM Flag

    Horrible Confernence Call

    These guys are total idiots...terrible conference call....they can't bid correctly...the change orders - which for most companies is high margins - are all losses....they are forecasting losses to breakeven for the next three quarters and then a pick up...

    I have heard nothing but excuses...just like the last three conference calls....this Board obviously is a bunch of cronies...because they aren't doing anything to correct the issues the company has had and are facing...the good 'ol boys don't have a clue...once again they talk about how they don't build in certain potential risks to bids....which then almost always have those risks occur reducing profit...

    It's a shame such a solid business is run by people who are clueless....they blame everyone but themselves...this would be a great company for someone to buy...get rid of management and turn this thing around...because this current team keeps saying "the investors need to have patience"....well....three lousy years eats up all that patience....

    You can see the results of the call in the stock price...the longer the call the further down the price goes...

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