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My First Stock Call Part II

Atwood Oceanics stood out. Its market cap hovered around 2 billion with a P/E of 10. It was a smaller player in an industry of Oil drilling behemoths- RIG, DO and et al. The industry average Price to Earnings ratio at the time was almost 26x. I wondered; relative to industry P/E why was this firm so "cheap"? I began delving into the firm’s financial statements. I was looking for answers to key questions. What is ATW’s true business? How stable are the revenue streams and margins? What is ATW

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My First Stock Call

2010 - A year or so after my first "professional" foray into finance failed I had been upset, disillusioned and burned out. At the time I questioned my whole interest in capital markets. Was my B.S. in Economics (no pun intended) worth it? Why did I bother with such a specialized degree? I had grown up with a passionate interest in what I commonly refer to as the ‘greatest game on earth’. As a developing youth I had innumerable questions about the ‘game’-- how it was played, who were the player

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