You seem pretty harsh on Oracle. Everyone should be keeping an eye on the overall macro situation and if the markets are going to turn again I certainly wouldnt want to hold NMS again and watch it fall from $1.30 to 30 odd cents again. He didnt say one bad thing about NMS at all and we should be encouraging alternative views.
But personally I believe that the trend established of serious increase in profits will continue for this year due to organic growth, acquisitions and the wildcard Gorgon. I certainly dont want to be out once Gorgon work comes flowing through.
I also think that the Gorgon operators where possible will look to Australian content as it appears to becoming a political topic. They cant get Australian content for portions of the project so I think they will use companies like CLO, MRM and NMS where they can.
NMS Price at posting:
81.5¢ Sentiment: LT Buy Disclosure: Held
