RIG released earnings and while they exceeded expectations, the analysts expressed concerns about rising costs.
This was something that I talked about regarding DO - demand is so strong that labor costs are rising. At this time revenue is rising faster, but the RIG analysts gave the company a hard time. Even after raising expectations for the year, the stock went down.
Having said that, DO and ESV are better companies than RIG.
ESV DO RIG
Rev Growth (yoy):78.10% 57.00% 34.50%
Gross Margin (ttm):67.39% 57.64% 41.10%
Oper Margins (ttm):54.69%45.85% 26.94%
P/E (ttm): 11.5 15.7 27.98
DO & ESV are growing 2x as fast and have a P/E half as large. Their margins are also much, much stronger.
What are your comments on TTI? After the drop from 26-27$ to 22~$, one would think its a good buy. It has been showing great weakness over the past week(s) though.
ReplyDeleteMy greatest angel,
ReplyDeletethank for sharing the post-earning tie view on the earlier post. I agree with your view. Market manipulation !!! especially when the zolt & ati are moving up and tie stays (thankfully, it is stabilize @35).
Any comments on your old favourites RFMD and GRP.
ReplyDelete