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Technology Stocks : GTS DURATEK INC (DRTK )
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To: JAL who wrote (36)3/11/1998 5:29:00 PM
From: milt  Read Replies (1) of 49
 
I see Duratek reported earnings today--$0.10 (diluted)which was in line with the Zacks estimate. Last year was $0.02 for the quarter. They reported $0.14 for the year (diluted) vs. $0.04 last year.

I think this company has explosive growth ahead. One reason is that there are 14 nuclear power plants shut down in the U.S. and moving toward decommissioning. Decommissioning will run upwards of $100 million each, and Duratek is very well positioned to get a large part of this business. They already have the contract to do the characterization study (planning for decommissioning) on the Maine-Yankee plant, and having done that they will be well positioned to bid on the job. They say they hope to get about half of the decommissioning work in the country. If they even come close to that goal, their revenues will jump dramatically from present levels. Today they reported revenues of $136 million for 12 months, and that doesn't include any decommissioning work.
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