Transaction log

  • Dec 29, 2022 - Bought 100 @ $4.54 (0.30% wtg, speculative)

Transocean

Location: Zug, Switzerland

 

Estimated fair value history

  • Sep-25 - $4.07 (6.0 x annual gross profit)

  • Dec-25 - $4.78

  • Mar-26 - $5.26

Profile

Industry: Oil & gas drilling

Sector: Energy

Theme: Commodity renaissance

5-Year shareholder growth: +16.2%/year

Estimated fair value: $5.26

Valuation assumption: 6.0 x annual gross profit

Operating income/gross profit: 53.0%

Insider ownership: 9.6%

History
Year-end tax loss selling = time to go dumpster diving
Year-end tax loss selling = time to go dumpster diving

Irrational selling often makes for bargains, which is why I like to search for beaten-down stocks at year-end. Thanks to the bear market in 2022, there is plenty to choose from. [trades]