The site where students compete, learn, and make money Tuesday, May 20, 2008
DJIA: 41.36 NASD: -12.76 10-YR: -0.011
 
 
 
 
     
 
     

BrodusBearcats's Stock Forecast for PRIDE INTL INC (PDE)

Submitted by BrodusBearcats on Tue, 02/19/2008 - 14:53.

Stock

PRIDE INTL INC (PDE)

Target

From $33.60 to $37.00

Target Date

4/1/2008
Hit target on: February 29, 2008

Current Price

$46.14
Market Outlook: Neutral
Top 3 Stocks: PDE,DO
College: Binghamton University

Authority:
9.67 (?)

Thesis:

I tend to think Pride International has a quick 10% upside as it is off its recent highs. I like this company's exposure to Brazil and hope it gets more rigs down there. Drillers look fundamentally strong this year and will continue to face increasing demand simply from the Brazil find alone.

»