Finally McDermott (MDR) decided to join the party, up 7% - perhaps the forced selling by the hedge funds in this name is finally over.
MDR up 7%
FWLT up 7%
PCR up 5.5%
Nice to see sense return to the market. If MDR tags up to $90 or so I will probably lighten a bit but valuation wise its a value up to $110+ so hard to take much off the table.
Long MDR
Wednesday, August 22, 2007
Trio of infrastructure plays ramping nicely
Posted by
TraderMark
at
2:33 PM
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TweetThis
Posted by
TraderMark
at
2:33 PM
Trio of infrastructure plays ramping nicely
2007-08-22T14:33:00-04:00
TraderMark
Foster Wheeler|
McDermott|
Perini|
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Labels: Foster Wheeler, McDermott, Perini
Trio of infrastructure plays ramping nicely
2007-08-22T14:33:00-04:00
TraderMark
Foster Wheeler|McDermott|Perini|
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