Stock CallsATW
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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