SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Bridge Player12/2/2014 2:00:08 PM
  Read Replies (2) of 78476
 
For those who like to buy stocks hated by the investment community, I want to pound the table on Transocean (RIG). One of the premier companies in it's field.

Below 20, it sells for the lowest price since 1994 (!). Down from an overvalued high over 180 in 2007, RIG sells for less than half book value, 80% of revenues, about 8x 2015 expected earnings. More than enough cash flow to pay a reasonable dividend next year even assuming the current dividend rate is slashed by 80%.

I'm aware of all the negatives. Deep water drilling isn't dead nor will oil prices stay weak forever. Current emotional selling in the oil patch creates a terrific opportunity for long term investors. IMO.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News