With all of the upward revisions to estimates, and their continuing to secure new deals, I'd be VERY surprised if it did any less than a continued steady climb, UP! If it does dip, I'll be ACCUMULATING more, as the turnaround is going VERY well imo, and I'd expect for them to SHINE, in the not too distant future.
He's actually got a point, it is a VALUE play/buy for sure, especially at these levels. Earlier this year, I was buying IAG at $1.20 (it dropped down to $1.15), with the anticipation that it could rise past $3. Well, it went over $4, has pulled back, but is still a buy imo. When it was down, people were babbling about how the market values things "fairly". That's a bunch of nonsense. There are times, where some stocks, are drastically undervalued. I happen to think that, that is the case here as well, and have bought accordingly, still willing to add on dips. But, as always, we shall see ...
Is your counter indicator record going to remain in tact? (j/k of course, as I enjoy seeing/hearing the perspective of bulls and bears, even if they are at times, one in the same).
Good, I'm looking to reload. That said, when you've been down on gold, I've found it to be a good buying opportunity. So, from $2.86 and below, I'll be aggressively trying to once again, build my trading position.
I sometimes try to catch a falling knife, other times, I watch to see a recovery, and would rather buy for more when there's signs of a recovery, and a trend, that's UP, jack#$%$.
I've been watching GNW for a while now, and just decided to start nibbling at $3.60, as I begin to build a position.
MDR had a fantastic Q1, and I expect the market, to likely soon take notice. This is going to be a LONG term hold overall for me.
This company appears to have successfully turned things around, having crushed estimates this last Q. With additional contracts coming in, and eps estimates raised for the year, this is an incredibly STUPID stock to short. One to buy on the dips, ACCUMULATING a LONG position, imo.
Sentiment: Strong Buy
They actually EXCEEDED most expectations: McDermott International Inc. (MDR) on Thursday reported a loss of $2.2 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 1 cent. Earnings, adjusted for asset impairment costs and restructuring costs, were 13 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The maker of offshore drilling platforms posted revenue of $729 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $670.4 million.
I might buy back in to IAG, if it falls significantly from here, hmmm, between say $2 - 2.50, and not likely any more. Letwin never seems to produce imo. It looks like it topped and could possibly roll over more from here, we'll see ...