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

Rating:
Buy RIG
down 81.86 %

10 best stocks for 2011: Transocean

Posted on: Sunday,  Dec 12, 2010  8:50 PM ET by Fortune: 10 best stocks for 2011

Fortune: 10 best stocks for 2011 rated Buy Transocean Inc. (NYSE: RIG) on 12/09/2010, when the stock price was $71.29.
Since then, Transocean Inc. has lost 81.86% as of 10/14/2015's recent price of $12.93.
If you would have followed this Fortune: 10 best stocks for 2011's recommendation on RIG, you would have lost 81.86% of your investment in 1770 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.

Despite a gain of more than 10% in the S&P 500 over the past three months, there's still a real buying opportunity in growth stocks: Our 10 best for 2011 are expected to bolster their profits an average of 61% next year -- vs. 14% for the S&P -- and yet they trade at an average 12 times next year's earnings, vs. 13 times for the S&P.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/9/2010 4:00 PM Buy
1 year
71.29
as of 12/31/2010
1 Week up  13.14 %
1 Month up  10.01 %
3 Months   
1 YTD up  10.01 %

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