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Nabors Industries Ltd. Message Board

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  • penhead25toabox penhead25toabox Apr 10, 2006 3:47 PM Flag


    "What else do you want?"

    Thanks for the post Franklin.

    I think management needs to keep beating the drum during CC's. Most of the analysts still have quite a bit of skepticism regarding the long term growth numbers, which in essence will drive the stock price. This is evident by looking at NBR's multiple, is it too much risk to raise the price more? Fundamentals say no there is plenty of room to run however history says we are at the high end of our "allotted" multiple.

    Regarding what has the CHK cheerleading gotten them during CC's.

    Comparing the P/E not much (as both have a forward P/E of about the same) however the PEG is 0.6 for CHK vs. 0.19 for NBR. GROWTH baby!

    Over the past
    5 years CHK is up over 200% vs NBR
    2 years CHK is up over 100% vs NBR
    1 year CHK is up over appx 20% vs NBR
    6 months CHK is up over appx 20% vs NBR
    3 months CHK is up over appx 8% vs NBR

    Let's get those pom poms out and cheer on management this CC.

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    • Good post Pen,

      Management has a problem of being extremely arrogant on their CC's.

      They need to institute a huge buyback, which will mean taking on some debt. Remember, in such a move, the street makes a boatload, and gives them a reason to get behind the stock.

      It also puts managements money where its mouth is.

      At this point, it's more than fair to say that putting up the #'s is not enough

9.07+0.13(+1.45%)May 27 4:03 PMEDT