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McDermott International Inc. Message Board

  • mvstrategy mvstrategy May 10, 2013 11:43 AM Flag

    Message to MDR's Management

    Your Q1 earnings call yesterday morning was an utter disaster. The take away? MDR's operating model is too complex for your team to manage efficiently. How you can MDR beat on the top line (vs. the consensus), continue to boast an impressive backlog (quarter after quarter) and, at the same time, forecast that the next two quarters are big question marks?? I am losing faith not in MDR's operating model but its management.

    Sentiment: Hold

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