Thursday, March 7, 2013

Atwood Oceanics: Cheap Valuation for the Growth


It used to be that growth stocks traded at 1x the earnings growth rate. A stock growing at 10% with earnings forecasted at $2 would trade at $20 and in some cases up to 2x that growth rate. In the current climate a stock such as Atwood Oceanics (NYSE: ATW) can trade at virtually half the growth rate.

The company is an under-the-radar global offshore deepwater drilling contractor engaged in more »


Disclosure: Long ATW. Please review the disclaimer page for more details. 



No comments: