1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Articles (1308) 

McDermott International CEO Stephen Johnson Bought 102,368 Shares

June 07, 2012 | About:

President and CEO of McDermott International increased his positions in the company on 6/6/2012. On 6/6/2012, he purchased 102,368 shares of MDR at an average price of $9.64, for a total cost of $986,828. Previously, he has not made any recent trades in the company.

McDermott International is one of the worldwide energy services companies. Mcdermott Intl has a market cap of $2.26 billion; its shares were traded at around $10.84 with a P/E ratio of 16.3 and P/S ratio of 0.7.

Ken Fisher owns 4,005,800 shares as of 03/31/2012, an increase of 73.83% from the previous quarter. This position accounts for 0.14% of the $37.47 billion portfolio of Fisher Asset Management, LLC. John Keeley owns 2,969,054 shares as of 03/31/2012, an increase of 17.93% from the previous quarter. This position accounts for 0.77% of the $4.94 billion portfolio of Keeley Fund Management. Ronald Muhlenkamp sold out his holdings in the quarter that ended on 03/31/2012.

Other insiders have also been recently increasing their positions in the company. SrVP, Gen.Counsel & Corp. Sec. Liane K Hinrichs bought 15,000 shares of MDR stock on 06/06/2012 at the average price of 9.6. Liane K Hinrichs owns at least 138,262 shares after this. The price of the stock has increased by 12.92% since. Additionally, directors Bradley Mcwilliams and John Bookout have also increased their positions in the company.

McDermott International has a fair value predicted to be $8.70. However, the company has a predictability rating of 1 star, and is also on watch, which means that results may not very accurate. According to GuruFocus’ DCF calculator, MDR has a margin of safety of -20%.

MDR has an annual revenue growth average of 7.45 for the past 10 years, and -10.6% for the past 5 years. Earnings per share have been positive for 8 out the past 10 years historically, although they have been steadily decreasing since 2007. The company bought back $10 million worth of shares in 2011, but previously has been issuing new shares consistently since 2005. The company holds $702 million in cash and has $85 million worth of long term liabilities. Total liabilities are $1.26 billion.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

» Take a Free Trial of Premium Membership

Rating: 5.0/5 (3 votes)


Please leave your comment:

GuruFocus has detected 1 Warning Sign with McDermott International Inc $MDR.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by GuruFocus

User Generated Screeners

HattcoSymonds PB2PE12EV8
pbarker46Begin here 1
MisterTIndustry Selection
maurits_halimEPS Growth >20% (UK)
DBrizan2017sep19 Qcom Gild beater
alberto.lopezblancoPI / PTB
Jeremieroyspinoffs + insiders
sm0yerconsistant growth
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat