Parker Drilling Company (NYSE:PKD)

CAPS Rating: 3 out of 5

The Company provides land and offshore contract drilling services and rental tools on a worldwide basis to major, independent and national oil and gas companies and integrated service providers.

Recs

3
Player Avatar maxhoffa (< 20) Submitted: 10/3/2008 4:57:10 AM : Underperform Start Price: $6.40 PKD Score: +14.99

man, i hate to buck the trend here, company has good earnings, seems to delivery good product/service, the ability to grow, being pulled down by the sector . . . but i can't get past the insider sell off over the past few months. so much insider selling (especially compared to similarly situated industry peers) at a time you'd think they'd see value . . . i have to go with the insiders on this one and say dump this.

a good entry price, but still, i think there are safer picks out there right now. with so MUCH low hanging fruit right now, why reach?

pass.

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