Sold TDW Naked Put
I got this idea from Jim Cramer’s Mad Money show on Friday night. I only watched about 20 minutes of the show, which is pretty much the norm for me if I get to watch it at all. (I skipped Monday night’s show to watch some Eurocup soccer while my wife is out of town.)
Tidewater Inc (NYSE: TDW) is listed in the services sector under shipping industry, but is really heavily tied to the energy industry since those are the ships and vessels they service. With oil at all time highs, TDW seems fairly safe, even if oil is cut by 30-40%, these guys are going to be in high demand. One thing that strikes me as odd and makes me wonder if I’m missing something is that the PEG ratio is only 0.17. I can’t figure why the price is so low if the earnings growth predictions are even […]
Original post by Alex Fotopoulos