dolc, they beat handily on just about every metric. .02 is only 800k on the miss. Raised guidance on the revs for 2014, and sounds like a real possibility the remaining 52M will be forthcoming from Libya. Eliminating just half of the quarterly debt payments equates to about .07 in eps per qtr, .28 for the year. And per the last pr, more Libyan projects are a real possibility as well. I think it will be a great call tomorrow.
Forming a bullish chart pattern the last 6 months, basing for 8 weeks last fall, climbing to the mid 4's, then basing for the last 6 weeks, although a little looser than the previous base. Recent pr's of now over 1B backlog and another 6M payment from Libya is great news. Volume really picked up after the Libyan news, with ascending triangle bullish chart pattern into today, finishing at a closing 52 week high. Obviously the big carrot is the remaining 52M from Libya, of which mgmt. seemed very positive for payment in full in the near future. If that were come to fruition, I think mid 6's would be the next target just by looking at the high going back to Jan of 2012. GLTAL.
Todays pr obviouly great news. Sure sounds like the remaining 50M is on the way as well. Great to see future contracts in the offing. The refinancing of the debt hopefully is next. CC on the 10th should get some attention.
Good qtr., depending on what analyst MAR either met the numbers of fell just short. Concensus for the year was $2 eps, and thats where they came in. For eps in 2014, MAR gave a range of 2.29 - 2.45, with analysts around 2.33. So it appears they feel the possibility exists to come in with higher numbers. My price target is 60, Aside from the economy crumbling, anything under 50 is a strong buy.
Not that his erroneous posts are missed, but perhaps he's been demoted to jr. baggage holder. Silent poster here, bought in back at 5.40, bought more this morning at 8.10. Thanks to all for great work. :)