RE:RE:RE:MCR Q3 .04 EPS the guidance of next q is very bad! while chasing big pipe large projects, MCR got scheduling delays quarter over quarter, and revenue was chopped 50% for this Q and next Q. as I said before, the problem is beyond one bad project. biz logic of so called "new strategy" is problematic. a small company like mcr cannot afford to have diversified large projects in the backlog, therefore scheduling risk is too big.
the earning of past 3 years are : 0.93, 0.52, 0.13; now it could only earn 0.2 this year , and it's a blessing if it could earn 0.4-0.5 next year. apparently MCR lost its edge, the new strategy is proven to be bad! instead of dreaming explosive growth, MCR should realistic target earning in the 0.5-0.9 range, and focus on small pipe projects that it's good at.
SP is cheap, but it could go cheaper. until MCR got a good working strategy it will stay low. dead money for at least 6 months. not a good re-entry pinot!
the guidance of next q is very bad! while chasing big pipe large projects, MCR got scheduling delays quarter over quarter, and revenue was chopped 50% for this Q and next Q. as I said before, the problem is beyond one bad project. biz logic of so called "new strategy" is problematic. a small company like mcr cannot afford to have diversified large projects in the backlog, therefore scheduling risk is too big.
the earning of past 3 years are : 0.93, 0.52, 0.13; now it could only earn 0.2 this year , and it's a blessing if it could earn 0.4-0.5 next year. apparently MCR lost its edge, the new strategy is proven to be bad! instead of dreaming explosive growth, MCR should realistic target earning in the 0.5-0.9 range, and focus on small pipe projects that it's good at.
SP is cheap, but it could go cheaper. until MCR got a good working strategy it will stay low. dead money for at least 6 months. not a good re-entry pinot!