While it seems like ages ago in today's short-attention-span, overreact-to-each-new-headline, what-have-you-done-for-me-lately market, back in November of last year Atwood Oceanics (ATW) reported incredible fourth-quarter results, trouncing earnings estimates by 4% in what is business as usual for the overachieving small-cap company. This marked the seventh straight quarter that the company has beaten consensus earnings estimates.
Not surprising, the market initially acted very favorably to the stock, bidding it up 7.5% in the following days to an all time high of just under $60 a share. However, since then it has undergone a steady decline to under $50 on general weakness in the market and in oil related stocks in particular. This culminated at the end of last week...
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