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Technology Stocks : GTS DURATEK INC (DRTK ) -- Ignore unavailable to you. Want to Upgrade?

To: WWS who wrote (38)3/14/1998 8:21:00 PM
From: Wayne G. Burnside  Read Replies (1) | Respond to of 49
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,