Here's another TDW opinion -- positive on the company, negative on the price action of its stock.
TDW is the quintessentially "good" company. It has everything one should want: excellent growth, excellent balance sheet, excellent (meaning low) valuation ratios, free cash flow out the kazoo (is that the right expression?), etc., etc.
TDW even has a solid history of positive earnings surprises. I would expect another positive earnings surprise when it reports next week.
That does not mean that "The Market" will react appropriately. TDW has never been a high flyer, like some other companies in this sector. And, most recently, it has had trouble getting off the ground. Something there is that doesn't love TDW. I call it the "Fell syndrome," as in the following verse (which I am quoting for the second time, please forgive me):
I do not love thee, Doctor Fell,
The reason why I cannot tell;
But this alone I know full well,
I do not love thee, Doctor Fell.
Personally, I'm stubborn. I bought this stock at its high, and held it all through what I hope is its low. I refuse to dump it, because I feel the world ought to recognize value, sooner or later (although "ought" is not the same, of course, as "will").
jbe |
