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Transocean Ltd. Message Board

  • mktplyr517 mktplyr517 Sep 5, 2013 10:14 AM Flag

    One group af analysts downgrades the drillers....

    and now the next will upgrade them..... Credit Suisse has not acted on RIG in 3 years

    But can upgrades alone repair the recent damage from all the downgrades?

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    • That is basically a non question since upgrades and downgrades are meaningless for the most part. If they really meant anything then all you would have to do is sell on downgrades and buy on upgrades and you'd be a billionaire. Since nobody yet has gotten rich that way your best bet is to ignore them. 45ish is a great book value price. I'm loaded up and expecting the breakout sometime between now and New Year or so. I'm also expecting anywhere from 2x-6x return on my money. Downgrade all you want. I'm laughing at them.

 
RIG
20.15+0.06(+0.30%)May 22 4:04 PMEDT