Jefferies must feel real stupid. They put a $13 price target on NBR back in December. They also said that "asset value support" meant nothing. Can you believe these analysts? Asset value support -- meaning the actual value of NBR's hard assets -- means nothing according to Jefferies. And yet they upgrade tech companies like AMZN that make no money and are basically worthless in terms of real assets. That Jefferies analyst is a joke and should certainly be fired. He's an embarrassment to Wall Street.
Awesome. This stock was already on fire and now I am officially making a huge profit on it -- got in at 13.50. Conviction buy list is awesome. Last time they put NBR on conviction buy the stock doubled in about 6 months.