To: Norm Franklin who wrote (30) | 12/30/1997 8:32:00 AM | From: JAL | | |
I had read that it would be up and fully functional by the end of December. I am hoping that once we have a period of full operations, the positive earnings story will get a higher valuation. |
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To: jeffrey rainey who wrote (32) | 1/21/1998 10:15:00 PM | From: JAL | | |
I've just doubled my positon. My belief is that this company is going to do extremely well. volume is beginning to grow. base is building. earning are good....we just need a bit of time to get the shut down in the past |
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To: JAL who wrote (33) | 1/31/1998 12:54:00 AM | From: Norm Franklin | | |
Do you have any recent info on how the furnace is doing? How does the performance compare with early 1997? BTW, I read a couple of weeks ago that Molten Metal, the former Martin Marietta subsidiary and once arch competitor for DRTK, is on its last gasp -- down to only a few cents per share. Norm |
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To: JAL who wrote (35) | 3/10/1998 4:57:00 PM | From: JAL | | |
With a 500% increase in trading volume and a 1 1/8 point increase I guess people are guessing that earnings will be good. I was getting worried that the delayed release was bad news. Somebody must know something I hope. |
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To: JAL who wrote (36) | 3/11/1998 5:29:00 PM | From: milt | | |
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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To: milt who wrote (37) | 3/11/1998 7:40:00 PM | From: WWS | | |
Interesting too that this quarter's income was also hit to the tune of $1.3 mm for the six months or so that the Savannah River melter was down. Bring that back and we would have been at about .16/share earnings for the quarter. I'm pretty happy with the prospects of this one, if from nothing other than potential decommissionings. |
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To: WWS who wrote (38) | 3/14/1998 8:21:00 PM | From: Wayne G. Burnside | | |
I agree that the decommissioning market will be significant. Furthermore, decommissioning of nuclear subs will also be significant.
However, I think the Hanford contract is the reason anyone should own this stock. This should propell this stock for many years to come because it is the mother lode potentially worth billions. As a matter of fact, DOE is expected to award the next phase of this contract by July 30, 1998. As we know, the BNFL team that includes DRTK, and the Lockheed-Martin team are competing for this contract. It is interesting to note that while DOE could award contracts to both teams, it has the authority to award just one contract. If that happens, I beleive that the BNFL would get the contract because Lockheed's reputation in the eyes of DOE has been diminished because of on-going problems Lockheed has at Idaho National Lab. Their performance has been so bad that DOE is seriously considering terminating the contract for non-performance.
As I see it, perhaps the major risk for DRTK is in dealing with the federal government. DOE could change its mind at any time, especially since there is significant dissension among the feds not to mention the politicians about DOE privatization contracts. Some believe that privatization is not working as orignally conceived. Based on what I have read, however, at the moment things are on track for contract award this summer.
Good investing, Juke |
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To: Wayne G. Burnside who wrote (39) | 7/17/1998 12:57:00 PM | From: vedia | | |
I spoke with investor relations today:
- earning due 8/6 before the open - several large contracts will reach decision in August or sooner - an award for one $20 mill deal should come within weeks
Good luck to all!
vedia |
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