MRC Global is the largest distributor of pipes, valves, fittings, and related products and services to the energy industry. The company was founded in 1921 as McJunkin Supply Company and grew organically and through acquisitions over the years. In January
At the turn of the century, few observers could have possibly foreseen that Microsoft would become a favorite bargain purchase for value investors in 2010. The dot com boom was in the process of peaking and any company even vaguely associated with software or technology traded at stratospheric multiples of earnings. Ten years later, Microsoft is statistically cheap but is it a great potential investment or a classic “value trap”? Read this article for one opinion.
Noble Corporation recently announced second quarter 2010 earnings of $218 million, or $0.85 per share. The results were negatively impacted by a combination of lower utilization for the overall fleet and sharply lower average dayrates. As a result, contract drilling revenues dropped to $687.5 million for the second quarter compared to $808.6 million for the first quarter. Second quarter 2009 contract drilling revenues were $868.2 million. In this article, we take a closer look at Noble’s results.