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Capitalizing On National Oilwell Varco

The last time I wrote about National Oilwell Varco (NOV) was at the beginning of 2014. I choose to write about them because of the future spin-off that was going to take place in the near future. At that time I issued a strong buy for the company. The spin-off took place, and it created immense value for the shareholders of NOV. With global uncertainty about the short-term price of the oil sector, NOV's shares have gotten hammered. In the past week there have been multiple downgrades from Wall Street banks with price targets for NOV as low as $40 per share. With the recent fall in the price of NOV's shares, I am writing my fellow readers and ardent investors to state that NOV is a perfect contrarian buy for long-term value investors.

Buying pieces of well managed companies, not stocks, is what I myself specialize in. I envision… Read More …