Dynamac: secures $7m subcontract for fabrication of topside process modules from Keppel Shipyard. Work has already commenced however delivery date is not stated. While news is mildly positive, the order size is small for a co which posted $123m revenue for 9MFYMay11.
Stock trades at 19x annualized 9M11 P/E, and 4.3x P/B.
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