you are viewing a single comment's thread.
Not that I would go contrary to Cramer and sell EPD here... Cramer is the #1 contrary indicator there is
I was a big Buyer of Transocean (RIG) in the $42-$44 range over the past year.... the whole while Cramer came out with sell recomendations and all sorts of BS... (still will only call it a hold)
Rig settled with the DOJ on Deepwater Horizon the first of this year and Cramer still said to sell... Days later Icahn filed that he was a huge buyer
Only after Icahn bought 6% of the shares did Cramer relent... I guess he realized not to go toe to toe with Icahn
RIG is currently at $56 and my belief is its going to at least $75 this year.... another 33% to the upside
BTW... Icahn wants rig to give a $4 per share divi... which is about 7%.... and Swiss law says that if the company doesn't do it Icahn can put it up for a vote so its all but a done deal