Thursday, March 4, 2010

McDermott International (MDR)

Folks, you have read my blogs about this company before. They make national defense equipment and oil drilling equipment among other things. Before the stock market crash they were up to $90 per share, then crashed all the way under $10. I had faith in the company and so bought stock about a year ago, just as it was bouncing off the bottom. The stock now over $25 pre share and there is still a lot of upside potential. Our gain so far is 131% in one year. All the analysts list this one as Strong Buy, Buy, or hold.

The harder it becomes to get oil out of the ground, the more demand there will be on their technology and equipment. It is still a bargain at $25 per share.

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