The other person refused to answer, now, lets see if YOU can. Several better drillers have MISSED this quarter (SDRL missed by 24 cents yesterday), what makes you possibly think RIG will beat?? You think they can withstand the weakening business and oversupply in the sector for the next 18+ mo??? You and the others on here that refuse to see 2 yrs out fail to live in reality. When you say its been beat up, and is a buy now, just remember that other sectors in the commodities space have seen 60-75% drops in PPS since 2012 (miners, coal for example).
Your initial premise is incorrect. Several other drillers are NOT better. RIG is the best, has been and always will be. Just because some of their rigs are a little older doesn't mean squat. The business relationships that Transocean has established over the years is much more valuable than the fewer and newer rigs that these newbees have. Book it.
I do not disagree that the group has been beaten up but take into consideration the stock is trading at a low PE as compared to the market. I believe the the stock price reflects the bad situation which will only get better.