Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jurgis Bekepuris who wrote (37711)	5/2/2010 12:49:54 PM
From: Spekulatius	Read Replies (2) of 78464

Jurgis - I didn't say sell RIG, I have never owned it so i can't sell - I was just contemplating possibilities. The stock had a terrific run and still trades at 2x tangible book, so it trades on earnings power rather than replacement value. I believe there will be consequences for drilling in the Gulf which will affect dayrates, probably dramatically. So RIG's earnings power could suffer much more to than BP's. Buyers need to take that into account. My inclination would be to buy another driller that suffers collateral damage (NE).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next