The day after its bleak third-quarter earnings report was issued, Cameron International (NYSE: CAM) stock lost 14% as analysts pointed to weaknesses that should not have been a problem.
But some observers said that past a tough outlook in the near term, a recovery could be lurking.
Cameron isn’t suffering from a lack of business. Total orders were up 32% in the third quarter of 2013 to $3 billion from $2.3 billion in the third quarter of 2012.
Cameron’s order backlog at the end of the third quarter was $11.2 ...