Let's Talk About Transocean (RIG)
Let me start things off by saying that I don't own RIG. I have no plans to buy RIG.
With that being said I have to admit that I understand why someone would be attracted to this company. They have a good reputation but have suffered because of the economic climate and now the gulf oil spill. Look at the Debt, P/E, ROE, Profit Margin and the Beta. Add all that together with the decline to the share price over the last month and I hear an old fashoned cash register bell ring in my head. Sadly there is no Dividend.
Even though I will not purchase any shares of RIG I think they are a buy for someone with this in their circle of knowledge.
What do you think? Are they the greatest large cap out there or the right hand of Satan or somewhere in between?