This stock should at leat pay a dividend. It's only held by people like me, waiting for it to be bought by ABB or Siemens or some other engineering co that will pay a big multiple. HAL, SLB, where are you when you're needed???
I have a note in my spreadsheet saying something about "watch for buyout" along with calcs using different premiums - don't remember when I did that, but must have read something about a BO at some point. I'm finally back to green after 3+ yrs of red in this stock (hit a 3 yr high today), half feeling like bailing on the opportunity to recover long lost cash, but surely as soon as I sell it a BO offer will come! Have had that happen twice over the last few years, almost made me cry from the lost profits. What to do, what to do....
Not much to say....looks like that Longview problem for the boiler group will become a bigger challenge.
On the E&C side some press releases for some upfront studies etc which are always nice but do not have and real bookings .
I think we will see a shortfall for both groups in bookings ...also revenues will continue to lag.
We will get the normal drop in share price but as normal , even with the relatively bad news this share price will come back...there is a huge perception by Wall Street that anyone in LNG, upstream oil and gas will do great....not always the case.