Buying CBI was MDR's downfall. DD should have been happy with his reign at MDR after turning around Technip. Buying CBI was the dumbest move yet. Whoever MDR board hired to do the due diligence should be quartered as how can anyone miss all the... — read more 

If my company wanted to buy Power Plant services I would look for a company that is trading over $1.90. Time to focus on the core business and hopefully rebuild a financial portfolio that companies would be willing to select us for Power Projects... — read more 

Can the CEO and the EXCOM hang on? Before massive layoffs?

The purpose of the turnaround advisor is to deliver good news during Q3 and before earnings release. After the Q2 surprise, no one believes the CEO anymore. Board wants to keep the stock price up. MDR stock is its currency, used to pay insiders. And... — read more 

Again there is no recent activity on this board. Have u gone back to censoring? I never posted but come here to be entertained.

I bid a contract requiring 100 units of man-hours paid at 10 units per man-hour. Bill the client 1000 and pay my folks 500, reaping 500 units of profit. Am I too stupid to estimate the man-hours correctly? Work for clients who don’t... — read more 

Read news. Talk to People. This will not be a nice quarter.

Anybody know what’s going on with McDermott. Lots of rumors going around.

So what happens when the stock plummets drastically and/or falls below 1? Would MDR do a reverse split?

https://tthomas238.wixsite.com/website/post/mcdermott-bullied-to-oblivion

Once upon a time McDermott were a bright shining star in the offshore construction industry, market leaders, developed a global presence and garnered global respect. Sadly, there is no happy ending to this cautionary tale of a once great company... — read more 

Are we going to make it?

Stock price isn't indictitive of value as much as it is investor confidence. It's down ~40% since the earnings call. Enough said.

This late in the schedule why is it still a money loser per quarter per the 8K? I though it was done? Any more losses expected and how will this effect Power work?

So whoever is getting ready to purchase F&M from McDermott is asking for a 1 year pay freeze and no longer making contributions to our 401k... dunning thing is if you look at your 401k contributions for this year they haven't made any for the entire... — read more 

JB Jr has been buying up everything lately. Is the piping group next? Tanks? LNG? Lummus? Power? Offshore? Nucle..... nevermind.

Looks like another delay, but we knew that already that. The settlement was a positive.

https://finance.yahoo.com/amphtml/news/mcdermott-provides-asset-sale-process-110000795.html

So lame, also references trust and other lofty aspirations using some guy drawing silly cartoons with canned background music. So not appropriate. An announcement that their COO would sign agreements not to bring USB thumb drives on clients' premises... — read more 

Never going back

Any status on these? We are at end of Q2 so obvious pressure on finalizing these by executive management geniuses. Any layoffs happening? I’d say attrition by resignation is still an issue and this we are hiring to replace.

Most realise some of our employees have been through a pretty humbling experience but now we are positioned to achieve maximum financial returns

While we are stripping the money making projects of GP, the company is starting to recognize the losses at ANOTHER CB&I LEGACY PROJECT: ASHEVILLE It is another troubled project. Post Shaw merger, the only thing CB&I built was Colombian lawsuits... — read more 

Dont forget that. Huge potential. Probably getting ready to take off right now !

Are we still a New Kind of Company? Remember that bland meaningless phrase slapped across everything, repeated endlessly at meetings and on analyst calls? Haven't heard it for awhile, have you? It was code for "we are trying to be TechnipFMC,"... — read more 

All while DD fiddles like Nero as the company burns. Little people get the shaft and get to be thrown out in the parking lot by the bad bad Deputy Dawg.

Our company couldnt be stronger. We have the highest backlog in 10 years and the financials are all fiscally sound. Most of our employees are quite happy here and morale is quite high. We are not going bankrupt and if you are lucky enough to work for... — read more 

Slow paying of vendors and subcontractors. Key people leaving. No new contracts (JV partnerships where MDR is the bridesmaid doesn’t count).

I am very concerned we are about to get cremated, sliced and diced and sold off as donor parts. I have my resume out, but no takers. With this negative balance sheet stuff happening, its hard not to wonder what's next.

Chatterjee Fund Management recently bought more than 10 million shares or 5.6% of the stock. These guys own the second largest petrochemical company in India and is backed by Soros. Well this is a decent sized bet even for a billionaire. Will there... — read more 

Inquiring minds want to know. Is it stuffed under your mattress ? Why arent vendors being paid ? Why are payments delayed ? What is off balance sheet ?

We are dangerously cash short. Need to come up with it fast. But oh no ! DD is first in line to get his 10 million plus bonuses so unpaid bills stacking up and potential payroll default in the future. Better sell something fast. Also, gotta pay he... — read more 

I don't know of a single project immune of disgruntled vendors. We haven't been paying our bills. This is a problem across the company; LNG, Petrochem, Power, Offshore. What's next? Payroll? Just wait until they cut our work ours onsite...no more 50... — read more 

On July 2nd, Big Boss DD is coming to Charlotte to make a huge announcement. Why would Big Boss DD come to Charlotte? This is his first appearance in Charlotte. 3 options: Motivational Speech Closing the Office (moving division to Eldridge Rd) Sale... — read more 

Are you next ? Business is booming for the Deputy Dawg

The banking establishment of India is looking forward to taking over McDermott while it is under Chapter 11. Once blockchain is implemented, engineering trades can effectively be streamlined with lower costs and higher profit.

It looks like the blood in the water has attracted the Wall St sharks. Chatterjee Fund Management has taken a 5.6% stake. I wonder what and who these guys know? The shorts just keep increasing their bets against us too, I wonder what they know! Hang... — read more 

Anyone get downsized, mad redundant, canned, fired or forcibly removed this week? Or is the natural attrition outpacing the terminations...and this we are hiring! Management hates it when the good ones quit...makes it harder to cut the dead weight... — read more 

The Pipe shops sale will be done in the second quarter. Humm? The tank division will be complete in the third quarter. We have a handle on Cameron. Just a recap and a refresher for what’s coming next quarter. Rumor has it they are giving it away.