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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (15394)9/11/2002 7:03:24 PM
From: Paul Senior  Read Replies (1) of 78497
 
Nice comparison charts on oil service stocks, Spekulatius.

I'm still trying to sort through. I'm trying to weigh RIG against DO. DO with its more aggressive depreciation might have a book value closer to real value. It's selling for 2x book. RIG on the other hand, at $20/sh, is below its stated book value of $30/sh.

Doesn't seem to make much difference regarding the trend in their stock prices. Looking at the Yahoo charts for RIG and TO, they seem to be very correlated. If so, the decision is whether to buy into sector and when-- either stock being representative, it seems.

finance.yahoo.com
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