Hi Greg:
I followed your trail from the dead MDCO thread to here. I am holding MDCO currently and am pleased to be considering the bullish situation for oil stock (i.e. the rising price of crude). Zacks reports that MDCO's consensus earnings estimates were bumped up in july for the next quarter (From .12 -> $.14/shr). October 14th is the next date for earnings reporting for the quarter ending this month (reported consensus = $.12/shr). I suspect we'll see a suprise, just due to general market conditions for oil and past history (last quarter the earnings were expected to come in at .09 and came in at .10)
What do you know about the stock. Any fundamental info?
Here's some recent data I have seen:
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Marine Drilling (NASDAQ:MDCO) Q2 profit vs loss
Reuters, Tuesday, July 16, 1996 at 17:33
SUGAR LAND, Texas, July 16 (Reuter) -
1996 1995
Shr profit $0.10 loss $0.04
Net profit 4,254 loss 1,757
Revs 27,360 11,825
Avg shrs 44,355 43,959
SIX MONTHS
Shr profit $0.15 loss $0.11
Net profit 6,566 loss 4,994
Revs 48,599 24,370
Avg shrs 44,071 43,996
(All Data Above 000s Except Per Share Numbers)
NOTE: The company said current second quarter results were
hurt by $500,000 in non-recurring, general administrative
expenses.
-- New York Newsdesk 212-859-1610
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Long on MDCO. |
