When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
MDR - Mr. Market Is Never Satisfied With McDermott International
McDermott International Inc.
The market reaction to the announcement that McDermott International (MDR) secured $1.7 billion of loan financing has got to leave a neutral observer scratching their head. Clearly, the market reaction showed that logic was in short supply. The announcement of any financing was a major accomplishment for a company in the predicament of McDermott International.
Clearly, the lenders saw something there that was worth lending. Lenders generally do not grant 10% loans of that magnitude to a company about to go under. On the other hand, a secured loan of 10% does indicate