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  • Transocean: Cheap Stock, Worth a Look [View article]
    Check out what happened to RIG's earnings between 2001 and 2003 and you will have a better understanding of the reluctance of many investors to accord a high p/e to stocks in this sector. Historically, this has been a highly cyclical growth industry. Barring institution of an "excess profit tax" on oil companies, I believe we are in the EARLY stages of a drilling boom that will carry the stocks of drillers and servicers much higher. We are nowhere near peak earnings in the sector. RIG is my top holding in the group. PSR is much less than 5.79 looking forward, and Ken Fischer has seldom owned the top-performing stocks in such growth sectors as biotech, software, internet, etc. where PSRs only drop below 1 when a company has encountered serious problems.
    Jun 10 10:28 am |Rating: 0 0
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