Barrons tried to pump MDR, but it didn't work. MDR burned through $800M of cash in 2 years,
has $160M cash left and just got a $900M line of credit. MDR is a cash incinerator and the line of credit looks like it will burn the remaining $160M in Q1 then draw on the banks before going bust. This company manages money worse than the US gov.
You are spot on in your analysis of MDR! In addition, To date, Babcock & Wilcox which was spun off from MDR has fared a little better. However, its management has reduced it cash position by paying dividends and stock buybacks. In addition, BWC lost to major government contracts, and it treading water on the "MPOWER" development program. I expect it to be heading in the same direction as it former parent company (MDR) very soon.
I'm with wisco.topcat.
the CEO is cleaning up this mess, getting the financing and liquidity needs met, and setting the bar low for a predictable turnaround. Seen this a hundred times before. BTW, he lead guy in the BOD is a KKR
You all are crazy to sell here.