National-Oilwell Varco (NOV -2.2%) heads south following a downgrade to Sell from Ameriprise...


National-Oilwell Varco (NOV -2.2%) heads south following a downgrade to Sell from Ameriprise Financial. Shares of the drilling equipment maker have had a rough few months, and currently trade at 11x 2013E EPS.

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Comments (8)
  • long_on_oil
    , contributor
    Comments (1357) | Send Message
     
    I would hate to have my money with Ameriprise Financial. This has got to be the worse recommendation I have ever seen.
    1 Mar 2013, 11:56 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10047) | Send Message
     
    Agreed ,

     

    think I'll go along with the Goldman call earlier in Feb, stating that NOV was one of the most undervalued companies out there.
    I Initiated at $67.02 and look to add on any weakness.
    1 Mar 2013, 02:19 PM Reply Like
  • mcmenamy1
    , contributor
    Comments (7) | Send Message
     
    i work for my ameriprise..and couldnt agree more
    4 Mar 2013, 10:29 PM Reply Like
  • phil2k
    , contributor
    Comments (72) | Send Message
     
    hah I was just thinking the same thing. NOV is one of the biggest buys out there right now. Lets look at this rationally:

     

    1. Strong earnings
    2. Strong Earnings Growth
    3. Great current valuation (11 times earnings)
    4. Virtually no debt
    5. Massive balance sheet
    6. No real competitors (there's a reason why NOV has the nickname 'No other vendor' in the industry)
    7. Positive aggregated analyst opinion
    8. Warren Buffet and Berkshire Hathaway's seal of approval

     

    I went massive long NOV last week, any price point between 65-69 is a good entry point.
    1 Mar 2013, 12:16 PM Reply Like
  • Voice of common sense
    , contributor
    Comments (138) | Send Message
     
    I cannot believe that anyone would pay any attention to what these lemming fleecers would say. I bet the guy who wrote this nonsense doesn't even have a college degree. Apparently, SA will permit any idiot to write anything they desire and is degrading of this publication.
    1 Mar 2013, 12:22 PM Reply Like
  • WhitneyB
    , contributor
    Comments (890) | Send Message
     
    In defense of SA, they are simply reporting the news of an analyst downgrade, they are not publishing his opinion as an article.
    1 Mar 2013, 01:36 PM Reply Like
  • FROGBERT
    , contributor
    Comments (310) | Send Message
     
    It sure would be nice to see the key points BEHIND the Ameriprise downgrade...What's their rationale?
    I agree with the points phil2k made and am long NOV, but always interested in seeing the other sides point of view. Buy to sell is quite a jump given the low valuation, large stable backlog, superior management and strong moat of NOV...especially after it's already sold off.
    1 Mar 2013, 03:05 PM Reply Like
  • Brian McMorris
    , contributor
    Comments (1220) | Send Message
     
    energy is hated ight now. I just opened a position in NOV at 67.50. i will double down below 60.

     

    I own PWE at about 12. It is at 9.60 and trades at the same level as March 2009. All Canadian oil companies are hated more than NOV. PWE was mismanaged the past few years with excess development costs. But now there is new management. The assets havent changed. Book is around 20 based on current oil prices.
    1 Mar 2013, 04:22 PM Reply Like
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