Market went a little overboard today. The offshore drilling contractors are all up between 15-20% at the time of this posting. There is stil an oversupply of new construction. The clients are still focused on cost reduction and keeping their vital organs functioning. Many have moved their focus to land based developement to avoid the huge spread costs and time needed to develop a find. Any potential contract or workover will be near breakeven for the foreseeable future. There needs to be additional scrapping and consolidation for this industry to turn profitable, that said, most of the players are heavily leveraged already, making mergers/aquisitions a serious challenge. [more]
$6.00 for freakin piece of cardboard with some glitter? Their profit margin has to be astronomical.
During the tech bubble I purchased BMC software right around the price is now. It slid into oblivion and has spent the last 10 years clawing back to where it was when I bought it. The recent run would appear to be an opportunity to exit. Would appreciate Fools insight into the thoughts for this company's future.
Where is a good source for Housing Information. I am familiar with Case/Shiller, but several years into the housing issue the information provided by News Services is still not presented well. [more]
No disrespect to the holiday, or Martin Luther King Jr., but this day is going to crawl without the diversion of the market.