McDermott Stock Way Up In Last Three Years

In the commercial and heavy construction industry McDermott International Inc. (MDR) has been doing well over the last three years. They are a global engineering firm that is active around the world in oil and gas construction and exploration. Through a subsidiary they also build facilities for deep water exploration. They also provide nuclear components to various agencies of the U.S. Government which accounts for a little less than 20% of its business.
Since January of 05 the stock has done almost nothing but rise except for lately. That month it was trading at $5 a share. One year later it was $15 a share. By July 06 it was $25. One year after that it was $45. In October of 07 it went over $60. Since then it has of course dropped a bit because of the markets instability lately and so it now stands at just under $47 a share on January 24 2008 before closing.
It is Another stock that has gained greatly in the last few years. From around $5 a share to around $50 is big gains over a short period really. If your in the market for the long term you should have no fears about the instability you have been experiencing lately. The market does this from time to time and it always recovers and carries on to new highs. It has even recovered from depressions in the past and soared higher. If your a short term investor it should scare the hell out of you because there is no way to tell where the market is headed from day to day. If your in it for the long term you should not let it bother you. History indicates that this too shall pass.