Deep Down, Inc. (OTC:DPDW)

Premium Alert Sent To Members on 8/14/2013

Deep Down (OOTC:DPDW) - Current developments have prompted us to start tracking DPDW.  After a significant decline in revenues from 2010 to 2011, $42 million to $27 million, respectively, revenues have begun to slowly recover.  The company reported $29 million in 2012 and is forecast to report revenues of $34.6 million in 2013 and $40.4 million in 2014.  EBITDA grew from $1 million in 2011 to $3.8 million in 2012 and continues to experience growth in 2013 and appears that it will continue to grow.  The company’s 2012 year-end backlog doubled to $20 million and currently stands at $26 million. Here is a quote from the company:

"We are pleased with our results for the second quarter of 2013. Our backlog has reached $26 million and our business is increasing. To accommodate this increase, we entered into a long-term facility lease in June 2013, which enables us to expand our capacity and take on much larger jobs.”

Analysts expect the company to grow 2013 EPS to $0.34 (as compared to $0.03 in 2012) and then another 34% of growth in 2014.  The stock has a volatile chart.

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