Need Some Additional Advice
I've been eyeing Atwood Oceanics (ATW) for a short while now. I've analyzed their financials and they seem to be a strong company. They did announce some downtime recently for unexpected repairs on one of their platforms, and I feel that it may be a nice window to get in to the stock. Can anybody provide some more insight? There are only two things that are causing my hesitation; they have increased their debt load quite a bit recently and I can't seem to figure out why, and I'm not totally certain that the negative impact of the downside has been fully priced in yet. Any opinions are certainly appreciated.