Monday, April 14, 2014
Is MRC Global Inc Set for a Rebound?
After a recent weak earnings report and numerous analyst downgrades, shares of MRC Global (NYSE: MRC ) did something remarkable. Instead of collapsing even further after the initial 15% plunge, the company's stock started heading back up. Such a scenario is a signal that the analysts were too focused on the short-term problems and not the long-term potential.
MRC Global is a distributor of pipe, valve, and fitting (PVF) products and services to the energy and industrial markets. The company is working on capturing a larger share of global spending from energy companies that heavily rely on their products and services domestically.
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