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HERO + Rig Fire?

Posted on 7/24/13 at 8:09 am
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 7/24/13 at 8:09 am
What do you guys think? It's a jack up rig on fire in the gulf. Was working on a natural gas well.

I am sure the rest of the country will over react to it.

Do you try to catch the low and buy? Sell in a few weeks/months when it corrects? I am assuming it will correct.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65044 posts
Posted on 7/24/13 at 8:29 am to
They have a negative EPS. Seems like a great buy!
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 7/24/13 at 8:50 am to
Yeah that's why I have never bought them in the first place.

I was really asking if anyone might try and capitalize on the bad news.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65044 posts
Posted on 7/24/13 at 10:19 am to
I'm not a fan of risky companies.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 7/24/13 at 10:26 am to
quote:

I'm not a fan of risky companies.


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