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Enter Symbol:
 
Transocean Inc. (RIG) [hlAlert]

Rating:
Buy RIG
down 90.05 %

Transocean Inc. (RIG) rated Buy

Posted on: Thursday,  Jan 24, 2008  11:41 PM ET by THE ZACKS TOP 10 of 2008 revealed

THE ZACKS TOP 10 of 2008 revealed rated Buy Transocean Inc. (NYSE: RIG) on 01/16/2008, when the stock price was
$130.01. Since then, Transocean Inc. has lost 90.05% as of 10/14/2015's recent price of $12.93.
If you would have followed this THE ZACKS TOP 10 of 2008 revealed's recommendation on RIG, you would have lost 90.05% of your investment in 2828 days.

Transocean Inc. provides offshore contract drilling services for oil and gas exploration, development and production. The company's core business is to contract these drilling rigs, related equipment and work crews primarily on a dayrate basis to drill offshore wells. It specializes in technically demanding segments of the offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The company also provides additional services, including international turnkey drilling and management of third-party well service activities.

Zacks Top 10 Stocks for 2008 are based on the the following: Stock #1: Biopharmaceutical giant on a growth spurt. Several recent government approvals have already jump-started sales and earnings growth. One of the company’s drugs may soon be approved to treat a second disease. Stock #2: Food company feeds on higher prices. This market leader has pushed through price increases, and looks ahead to annual double-digit growth for fiscal 2008. Stock #3: Electronics firm with shining prospects. They’re cashing in on the silicon shortage by supplying companies that make solar panels. Already they have more than $15 billion in orders over the next 10 years. Stock #4: Chinese power company becomes more powerful. They increased power generation by double digits in a country that’s thirsting for consumable energies. Stock #5: Video game seller to win big. Now is the time to own this stock. Profits from next-generation video game systems are expected to pour in for at least the next two years. Stock #6: Beverage bottler toasts the future. This is the first full year the company will offer its recently acquired water franchise. They’re continuing to diversify for greater growth and earnings. Stock #7: Chemical producer finds formula for growth explosion. Emerging Asian markets are accelerating the demand for their chemical products. A new plant will help them ramp up production. Stock #8: Supplier to oil companies fueled by high prices. Recently, this brilliantly run firm acquired a competitor that broadens their already varied product line as well as their geographical footprint. Stock #9: Industrial-strength supplier engineers dynamic growth. Strong margins, geographical diversification, and great management make for a winning combination. Stock #10: Wireless carrier wires into new revenue sources. Already established in developed markets, they’re targeting emerging markets for mega-gains in 2008. And they pay a healthy dividend.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/16/2008 4:00 PM Buy
1 year
130.01
as of 12/24/2008
1 Week down  -1.11 %
1 Month up  7.13 %
3 Months up  30.60 %
1 YTD down  -51.15 %

(*) Stock Price at the time of the recommendation.
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