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Transocean Ltd. Message Board

  • goskiing99 goskiing99 Sep 3, 2013 3:08 PM Flag

    priced for insolvency

    Forward pe of 8, and That's conservative. Yield of 5% and probably more like 7 after next divi bump. Trading at book value; which means the street is valuing the $28 billion backlog at ZERO. absolute insanity.

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    • Isn't it though? And by the way, the backlog is now closer to $30 billion. Once the Macondo liability situation becomes a little clearer, it's off to the races, and my buddy "wondumphuc" will be living up to his name...

      • 1 Reply to btdarb
      • and whats the time table on that?.... looks like that's gonna be a long time.... its the really dumphucs who are counting on that....

        Take that long term catalyst off the table and what have you got.... dead money

        On a brighter note Icahn is selling 3.6 million shares of Hain Celestial at $80 a share and a $60 profit...

        That would buy 6.4 mil RIG at these prices (which are right at where Icahn started to buy).... that's a catalyst....

        But IF we don't see Icahn putting a significant chunk of that to work at these prices........ a near term pop in the price of RIG would require a miracle akin to the resurrection of Christ

 
RIG
8.785-0.125(-1.40%)2:01 PMEST