McDermott International Inc. (MCDIF)

[Slojab]

It's nice to see officers taking advantage of the dip in the sp as a result of their failure to perform. But they'll probably sell before it gets back to where I can sell at my cost basis.

HOUSTON, Nov. 6, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today purchases by its Chairman and executive management of the company's common stock.

Gary Luquette, non-executive Chairman of the Board of Directors, purchased approximately $500,000 of McDermott stock, bringing his total shares owned to 90,250.

David Dickson, President and Chief Executive Officer, purchased approximately $400,000 of McDermott stock, bringing his total shares owned to 459,889.

Stuart Spence, Executive Vice President and Chief Financial Officer, purchased approximately $250,000 of the company's stock, bringing his total shares owned to 141,961.

"As non-executive Chairman of the Board, I have great belief in McDermott's management team and operational capabilities and believe the company is poised for significant profitable growth opportunities," said Mr. Luquette.

"This purchase reflects my confidence in McDermott's future and my belief in the strategic rationale of our combination with CB&I," said Mr. Dickson. "As we continue to put the three legacy projects behind us, our focus is on continuing our solid execution and on the growing market opportunities ahead of us. I am also assured by the successful integration of our two companies and our highly motivated and talented employees."

"Our overall operating results and execution were solid in the third quarter and our new award bookings were strong," said Mr. Spence. "We have taken recent steps to further strengthen our balance sheet, positioning the company for growth. This underscores my fundamental belief in our long-term strategy and the sound financial structure of the company."

On another note, here's an article written today.

https://www.nasdaq.com/article/mcdermotts-mdr-q3-earnings-and-revenues-miss-view-cut-cm1050754