good company, will prosper

Buy - Price 21.32 on Aug. 11
by Jefferies & Co.

Oil-and-gas-services company McDermott International posted 2Q09 EPS of 40 cents, versus our 36-cent estimate and consensus, [and versus] 33 cents in 1Q09 and 77 cents a year ago. MDR's 2Q upside surprise supports our belief that management is executing the backlog efficiently, particularly at J. Ray [the marine-services group, which designs, fabricates and installs offshore platforms and pipelines]. The backlog slipped a bit sequentially, as expected; management noted that bidding levels remain solid. We're raising our price target to 30 from 26. Market cap: $4.9 billion.

world wide scope of operations

Way undervalued, high cash position

Seymour liked McDermott(MDR) and Macke liked General Electric (GE).

Najarian is mixed on the market but even if it pulls back he's longer term bullish because the S&P is making higher lows. "I’m a believer in the engineering stocks, says Pete Najarian. I’d look at Shaw Group (SGR), McDermott (MDR) and Fluor (FLR)."

I’d look at McDermott (MDR), Fluor (FLR) as well as American Superconductor (AMSC), adds the Pit Boss.

3 Stocks I Saw on TV: Dan Fitzpatrick examines three stocks viewed on Fast Money. Today's stocks include Hess Corp., McDermott and Emulex.
Click here to watch the video.

"This is a great company, but in the end, we have a President that's anti-carbon, so I can't get behind it." ("Mad Money Lightning Round," 4-22-09)

take over?

Valuation

lousy breakup in the 90's