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Transocean Ltd. Message Board

  • goskiing99 goskiing99 Jun 29, 2013 4:00 PM Flag

    all the big players loading up on RIG

    Seems like everyday we read an article about some big time player who has zillions of shares of RIG; Icahn, Cooperman, Cohen, Bacon, etc. So, with all this muscle, who in the world is selling down here?? Shorts? I find that hard to believe; seems the thesis of shorting RIG has long sailed; although the ongoing uncertainty of the Macondo legal battle could he a viable reason. Still, to see the stock trading at a forward p/e of 8 seems rather absurd; even for a company as poorly managed as RIG; especially with a nearly 5% dividend.

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39.99-0.5900(-1.45%)10:42 AMEDT

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