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.
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well, the stock is up about 16% in the 2 days since the report, so wall street isn't completely asleep.
interesting article on the pop yesterday here ->
http://www.fool.com/investing/general/2007/11/30/thursdays-biggest-stock-stars.aspx
This is exactly the kind of noise I have to stay away from. I'll stick with socialpicks.com, thank you.
social picks? and go with the herd? isn't the point to beat the herd?
but, then again, the point of this blog is to focus on big and not small picture stuff. i should have referenced all the articles i've been reading on oil investment around the world.
will try to get the train back on the tracks.
also, for whatever it is worth, it has gone up close to 18% since it was cited (2 weeks?). and, i'm not going around wily-nily suggesting people invest in solar companies trading at 51x sales...
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