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Strategies & Market Trends : Value Investing

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From: Paul Senior6/12/2013 12:12:10 PM
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MDR: McDermott International. I'll start a few shares of this company now. 2013 is not expected to be so good a year. Analysts (per Barron's article) expect better of the stock in 2014 as the company gets new orders and gets to record profits on its % completion accounting for current business.

I'll guess within 18 months, earnings rate at about $1/sh & p/e maybe 12; or maybe p/bk back around 1.5x. That would take the stock from about $9/sh now to maybe $12. Maybe not enough reward/risk for other people, but for me now, okay.

finance.yahoo.com
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