Opinion on  Gulf Island Fabrication Inc. (GIFI)     Sector: Capital Goods  >  Industry: Constr. - Supplies & Fixtures
Gulf Island Fabrication Inc.

Gulf Island Fabrication
Gulf Island Fabrication, Inc., abricates offshore drilling and production platforms, and various specialized structures for their use. It also provides services, including offshore interconnect pipe hook-up and inshore marine construction, as well as manufacture and repair of related equipment. Gulf Island started the year at about $31, rose to almost $52, before falling back to close at $44 recently. A nice covered call position for August expiration is available for GIFI with 4.6% potential return and 9.5% downside protection.