Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 191.04

-2.5%

Jan 16 3:59 PM EST

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To: Gottfried who wrote (3497)	10/8/2015 5:51:58 PM
From: Kirk ©	Read Replies (1) of 27087

Crap, I had a nice answer and SI/W10 ate it! Make sure to come back as I am editing this... I didn't notice my chart stopped last year when RIG was $30s....! At half the price, it is more in line with the stocks I mentioned that have about $10 in net cash PLUS about 7 times earnings.... the earnings estimates may be similar to tossing darts, especially during down times when competition can be fierce... but if RIG can turn a 50¢ profit and has NET CASH of $10, then it might be trying to bottom. Of course, one of the BIG reasons I avoided it is it has $10B in debt and only $3.8B in cash... so it seems stupid to be paying a big dividend when it has cash flow trouble including massive debt payments.... finance.yahoo.com Again, low debt is another reason I like so many tech and biotech stocks. I've seen crooked insiders issue debt to themselves then let the company go under so they get it via the debt....

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