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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (52666)	10/30/2013 11:32:34 AM
From: Wowzer	Read Replies (1) \| Respond to of 78705

I have taken a position at 48.70, looks overdone to me.

To: Paul Senior who wrote (52666)	10/30/2013 3:09:00 PM
From: Wallace Rivers	Respond to of 78705

Bought more RIG today. One of my holdings which I doubled down on (initial position well underwater, second position now +) reported better than expected earnings, managing through some headwinds - ticker EXC. Div ex 11/13, rate about 4%. Might be worth a look see. Waded through parts of DLR CC, these guys don't give you a lot of confidence. I was curious about the "$500 mil buyback authorization" and how it would be financed, someone asked about that. Management said, IMHO, in essence if I'm listening correctly, a buyback isn't likely currently, as they want to deploy funds in other areas. My question would be, how much further would the stock need to tank before a purchase would be considered?! And why throw that out there if the chances of it happening are so minimal? Same ol' same 'ol with this company, it seems.