September 12, 2012 | Posted by

Helmerich & Payne Analysis

Not to buy is an active decision.  I took a serious look at Helmerich & Payne and, though we really liked the company, my conclusion was not to buy the stock at this price (see analysis).  However, this research was not a complete waste of time, because at a lower price, in the $20-30s, HP looks like a very interesting opportunity.   Click here to download PDF.

Helmerich & Payne (HP) Analysis by Vitaliy Katsenelson

Vitaliy N. Katsenelson, CFA, is Chief Investment Officer at Investment Management Associates in Denver, Colo.  He is the author of Active Value Investing (Wiley, 2007) and the upcoming The Little Book of Sideways Markets (Wiley, December 2010).  To receive Vitaliy’s future articles by email, click here or you can read them on ContrarianEdge.com.

 

Short URL: http://ContrarianEdge.com/?p=3161

Recently Commented

  • Capitalistic: Great article.
  • Mike Derbyshire: With respect to your last line – yes – anyone can make a mistake – however –...
  • jason klein: Good article. Your book rocks.
  • David: Vitaliy, As a firm that currently does not own AAPL for clients, I thought this was an excellent article....
  • goatwig: Great piece except the part about “short run stock movements are random and require no skill to...

Recently Added