Nabors Deserves a Better Fate

Nabors Industries' (NBR) shares almost touched $50 in 2008. Today they trade for about $16. The stock deserves a better fate.

Nabors is primarily a land driller, not a glamorous deepwater driller like Transocean (RIG) or Diamond Offshore (DO). That's one reason investors aren't excited by the stock. The balance sheet won't remind you of Apple (AAPL), either. Debt is about 83% of equity. That doesn't thrill me, but it puts Nabors squarely in the middle of the pack....288 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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