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MDR - McDermott International Has Serious Financial And PR Problems
McDermott International Inc.
The trading in securities of McDermott International (MDR) has been chaotic over the last week as investors faced extreme uncertainty and lack of transparency by management. Too much negative news has come from non-management sources and some positive news by management has been very vague. This public relations disaster might be indicative of the poor quality of management running the business on a number of other issues. The company, which is incorporated in Panama, could file for Ch.11 bankruptcy in the U.S. or it could be a great buying opportunity for investors.