improving global subsea market, page-3

The market in general is shaky ATM. A 50% drop in the SP is disappointing and it is definitely in buy territory IMO.
Intertsuisse predicts EPS of 6 - 7 Cents/share for 2008.
Even at 6c EPS a PE of 20 values it at around $1.20 per share. Definite overreaction and if they get much lower i may add a few myself.
Whether they get to $2, $3 or more by year end will depend on the state of the market and more importantly whether they pick up some really big contracts in the coming months.