EVA Dimensions, LLC downgrades VANTAGE DRILLING COMPANY from OVERWEIGHT to SELL.BY Investars Analyst Actions - public
— 7:34 PM ET 05/11/2013
On May 11, 2013 EVA Dimensions, LLC downgraded VANTAGE DRILLING COMPANY (VTG
VTG VANTAGE DRILLING COMPANY
Change -0.01 (-0.60%)
AS OF 4:01 PM ET 05/10/13.
Not surprising. Vtg trades at a 10% premium to book value which is expensive for a company not profitable with too much debt. Whoever thinks book value doesnt matter here should sell the stock and call a financial advisor for help.
No one trusts Bragg to execute after the Titanium deal was done at all costs. Best hope now is we can win a suit against SU which is a longshot for sure and the courts wont have sympathy for Bragg getting sucked into a bad deal. If we did infact win stock would jump 75%.
"ZD" you forget we are going to make some BIG CASH Q3 and on. Great change we make the top end estimate of their guidance of 1 cent per share. Good chance we beat that number if Titanium get some bonus pay this month and in June. A Earnings beat of 2 to 3 cents possible !
Don't forget the BD lawsuit also ! BP will like to settle out of court because it's a drag on their stock. Settling for around 125 million out of court is a strong possibility !