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McDermott International Inc. Message Board

longtermcapitalmismanagement 7 posts  |  Last Activity: Jun 19, 2014 12:13 AM Member since: Nov 12, 2011
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  • Reply to

    ALL Long r gone, exahusted

    by investwisely1234 May 27, 2014 3:24 PM
    longtermcapitalmismanagement longtermcapitalmismanagement Jun 19, 2014 12:13 AM Flag

    I'd be happy with a buyout at $9.50-10, which is still south of where I bought in. Sold a little recently to move money around. Nice to see the upward movement but we saw that occur before and then plummet to $6's....

  • Reply to

    ALL Long r gone, exahusted

    by investwisely1234 May 27, 2014 3:24 PM
    longtermcapitalmismanagement longtermcapitalmismanagement Jun 17, 2014 11:52 AM Flag

    At this stage where the company is in a do or die fight, do you really think the company won't move its top talent to ensure projects as complex and difficult as this one are properly managed? MDR has also been hiring according the the last CC, so are you claiming they have hired sub par people? Curious where this came out of.

  • Reply to

    Insider purchase

    by twicesilent23 Jun 16, 2014 12:44 PM
    longtermcapitalmismanagement longtermcapitalmismanagement Jun 16, 2014 1:28 PM Flag

    Buyout? Positive earnings? more contacts? something moving it...

  • Reply to

    MDR

    by ronbiker1 Jun 11, 2014 11:01 AM
    longtermcapitalmismanagement longtermcapitalmismanagement Jun 13, 2014 8:20 AM Flag

    anything to get us north of 10 would be amazing, however unlikely. I think a buy out is less likely until mgmt can show they have corrected the past operational / bidding issues and cleared the backlog of non profitable projects. While mgmt said they may be able to get to breakeven status on the projects their SG&A and other costs are cutting deep. If mgmt can get the whole company breakeven or close then I believe a takeout offer would hit.

  • Reply to

    MDR

    by ronbiker1 Jun 11, 2014 11:01 AM
    longtermcapitalmismanagement longtermcapitalmismanagement Jun 11, 2014 11:07 AM Flag

    could be or they are starting to right this previously horribly navigated and operated ship

  • Reply to

    not too bad

    by wisco.topcat Jun 3, 2014 5:38 PM
    longtermcapitalmismanagement longtermcapitalmismanagement Jun 4, 2014 12:37 PM Flag

    There is value in the this corp, just a question if current management can right the operation after previous management's blunders and incompetence. They should have sufficient capital even with backlog of negative to breakeven projects, just what color are the new ones?

  • Reply to

    grano

    by jengastock May 20, 2014 9:57 PM
    longtermcapitalmismanagement longtermcapitalmismanagement May 23, 2014 1:16 PM Flag

    "Mr. Grano is Chairman and CEO of Centurion Holdings LLC. He was previously the Chairman and CEO of UBS Financial Services Inc. (formerly UBS PaineWebber). Mr. Grano was instrumental in helping to bring about the merger of PaineWebber with UBS in 2000. Prior to joining PaineWebber he was with Merrill Lynch for 16 years, holding various senior management positions including Director of National Sales. In 1987 he was named the industry’s best retail marketing executive in a survey conducted by Investment Dealers’ Digest. Former Chairman of the Board of Governors of NASD and a member of the NASD’s Executive Committee. Appointed by President George W. Bush in 2002 to serve as the Chairman of the Homeland Security Advisory Council. He served in this capacity until August 2005. Mr. Grano holds honorary Doctor of Laws degrees from Pepperdine University and Babson College as well as an honorary Doctor of Human Letters degree from Queens College. Mr. Grano also served in the U.S. Special Forces (Green Berets).

MDR
7.57-0.14(-1.82%)Jul 28 4:02 PMEDT

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