Thursday, February 13, 2014

The Motley Fool: Cameron International Corporation Getting Its Act Together

Getting orders is one thing. Executing on those orders is a completely different thing, and an area where Cameron (NYSE: CAM  ) had been struggling for most of 2013. Three straight miss-and-lower quarters shook the Street's confidence in the ability of Cameron's management to execute, though the company's order book has remained quite strong.

Things appear to be finally starting to fall into place. The fourth quarter was a badly needed beat-and-raise quarter, and a slowdown in industry order growth in 2014 could actually be a good thing for the company as it tries to catch up on capacity. Valuation standards in this sector are notoriously loose, with EV/EBTIDA as the favored approach, but I would nevertheless argue that Cameron looks like a strong rebound trade in 2014.

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Cameron International Corporation Getting Its Act Together

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