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Transocean Ltd. Message Board

  • topinvestgun1 topinvestgun1 Apr 25, 2013 10:32 PM Flag

    RIG is a bargain and need to realize the value....

    change is good for complacent management. A sense of urgency and sell the company at 80 to 90 is a possibility. China may want the technology and know how, Brazil PBR may want it to secure the rig for increase deep water drill. There are just many possibility to package or dismantle this company to realize the value. The sum of the parts is less than the parts I guess one thing sure, the board may not know finance and too attached to a "company". It is ultimately a business, its there to improve ROE, ROI and the board set the bar too low for executives. When the money is cheap, issue notes and bond to increase leverage is OK. The service ratio will still be low. Management need to lower capital costs. I vote yes for Icahn.

    Sentiment: Strong Buy

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