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EnvestorFirst (< 20)

Transocean Growing Profile



May 23, 2012 – Comments (0) | RELATED TICKERS: RIG

Transocean has a lot going on right now. This can be a strength but also a weakness. Let’s look toRex Moore for the details of the stock and where it may be going.

"Intangible assets ratio
This ratio shows us the percentage of total assets made up by goodwill and other intangibles. Heiserman says he views anything over 20% as worrisome, “because management might be overpaying for the acquisition or acquisitions that gave rise to the goodwill.”

Transocean has an intangible assets ratio of 9%.

This is down from 22% last quarter. The reason? The company wrote off a large amount of goodwill when it announced earnings in February. At this point, then, the company’s goodwill and intangibles are a much more reasonable percentage of total assets."


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