MONSTER QUARTER

ATW reported a monster quarter today.

This is a company selling at 10x next year's earnings BEFORE this quarter happened. And, it has a peg ratio of 0.28 -- among the lowest I have seen.

Who in their right mind is discounting this company? This right here is an argument against the efficient market hypothesis (some of my other arguments would include any of the failed biotechs that never earned a cent). Aside from their relative valuation, common sense dicates that the big oil companies have the money AND the incentive to look for more oil. And, this company, among others, stands to reap some massive rewards.

I don't understand why they are trading at these levels. I see them much, much higher in 2008 and 2009 even if China stops growing and oil drops to $30. Someone needs to get the oil outta the ground.