Atwood Oceanics, Inc. ($ATW) Target: $51 Confident Investor Rating: Good

Several times a year, a Confident Investor must reevaluate the companies in the portfolio. Keeping your money in a stock that no longer qualifies as a "Good" company can end up hurting your investment performance a great deal.  Also, there are a lot of Good Companies so losing the worst of the best is not going to impact the ability to have a balanced portfolio.  Over the coming days, this site will evaluate each stock on the Watch List.

Company name Atwood Oceanics, Inc.
Stock ticker ATW
Live stock price [stckqut]ATW[/stckqut]
P/E compared to competitors Good
MANAGEMENT EXECUTION
Employee productivity Good
Sales growth Fair
EPS growth Good
P/E growth Poor
EBIT growth Good
ANALYSIS
Confident Investor Rating Good
Target stock price (TWCA growth scenario) $63.41
Target stock price (averages with growth) $67.09
Target stock price (averages with no growth) $49.87
Target stock price (manual assumptions) $46.83

The following company description is from Google Finance: http://www.google.com/finance?q=atw
Atwood Oceanics, Inc., along with its subsidiaries, is engaged in the international offshore drilling and completion of exploratory and developmental oil and gas wells. The Company?s operations include nine offshore mobile drilling units located in five regions: offshore Southeast Asia, offshore Africa, offshore Australia, offshore South America and the Mediterranean Sea. During the fiscal year ended September 30, 2010 (fiscal 2010), the Company had a utilization rate of 88%. Its offshore drilling equipments include semisubmersible rigs, jack-up drilling rigs, semisubmersible tender assist rigs and submersible drilling rigs. The Company obtains the contracts, under which it operates its units either through individual negotiation with the customer or by submitting proposals in competition with other contractors. In October 2010, the Company entered into turnkey construction agreements with PPL Shipyard PTE LTD to construct two Pacific Class 400 jack-up drilling units.

Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in this stock.

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