Rowan Companies, Inc. (NYSE:RDC)

CAPS Rating: 3 out of 5

The Company is a provider of international and domestic contract drilling services. It also owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries.

Recs

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Player Avatar 2Cores (< 20) Submitted: 10/16/2009 7:14:06 PM : Outperform Start Price: $25.32 RDC Score: -91.94

Besides being a contract driller, Rowan manufactures equipment. The latter pushed me into its arms as an invester. It has the advantage of manufacturing for three industries that are going to need its products... desperately. Drilling rigs, mining equipment and timber harvesters. I call that a sweet spot. Bring it!

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