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Bill Barrett Corp. Message Board

imadeadcat 5 posts  |  Last Activity: Jan 6, 2015 11:14 AM Member since: Sep 24, 2001
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  • imadeadcat by imadeadcat Jan 6, 2015 11:14 AM Flag

    Maybe my concern is somewhat irrational but it goes something like this. MDR used to be a much bigger company. Management has changed. Relationships with customers have changed. Where companies could wine and dine and play by the rules in the regions where graft and corruption were common MDR doesn't do that, at least not anymore if they ever did. MDR business and backlog continue to decline. Their break even is point is probably $2.5 billion in revenues but the decline in oil prices means less infrastructure spending and it is harder than ever to win new business. XOM used to be over 25% I think and now they are below 10%. Anyway, just wondering where the bottom is and what does the "right" size look like? When, if ever, will they book $3 + billion in sales again? Thoughts?

  • Started the year at $16.52 and now 20 years later the stock sits at $13.98. Happy New Year!

  • Reply to


    by the_quatum Dec 21, 2014 1:55 PM
    imadeadcat imadeadcat Dec 23, 2014 10:56 AM Flag

    Pretty much all revenue comes from offshore work. I suppose you could say that much of the planning is done onshore and their yards are onshore but their customers hire MDR for offshore expertise.

  • imadeadcat imadeadcat Dec 15, 2014 9:38 AM Flag

    Fair enough and thank you for your input. But in terms of top grossing on IOS Crush #3, Soda #4, Farm Heroes #9, Bubble Witch #20, Pet Rescue #27 and Diamond Digger #32. Top Grossing on Google Play.... Crush #3, Soda #4, Farm #6, Bubble Witch #11, Rescue #14, Digger #17, Pyramid Solitaire #60, and some other one at 86. So, all in all, there seems to be pretty good cross fertilization from Crush to other money makers. Agree future is in some doubt but given the base of monthly players, continued large paying base, and growing diversity of games and the low multiple to sales and profits, plus large cash on hand, I see KING as undervalued. Also, I think the CEO, Zacconi, know gaming the way Zuckerberg knows the social network.... and Zacconi seems committed to the task of making money and making KING dominant... just my $.02.... and do not rely on internet posting for investment advice.

  • Maybe some of what KING will say has been leaked early? But, we can all see that the games... Soda, Crush, Farm Heroes, Bubble Witch, Diamond Digger etc. are doing on an almost daily basis in terms of downloads.... and then extrapolate conversions to paying.... and sense that revenues are not falling as quickly as they were.... and may in fact be closer to flat.... portending a possible q over q increase by summer.... and if that occurs... well, the IPO price might have been correct or even generous to investors.

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