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home / news releases / MDRIQ - Argan Inc.: Value Proposition Requires Monetizing Backlog

MDRIQ - Argan Inc.: Value Proposition Requires Monetizing Backlog

McDermott International Inc.
  • Argan builds natural gas power plants and, currently, has a $3B project backlog.
  • Prior operating history is concerning after the company burned through their backlog two years ago and revenues decreased over 50%.
  • Given relatively cheap valuation, competitor exits, and current backlog, shares may be appealing.

For further details see:

Argan, Inc.: Value Proposition Requires Monetizing Backlog
Stock Information
Company Name: McDermott International Inc.
Stock Symbol: MDRIQ
Market: OTC
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