A diary of the thought process behind my investment decisions
Bought Some NOV
I have bought shares of NOV (thanks to reader CP for putting me on to NOV). They actually make safety equipment for oil rigs among other things and are down 9% today in sympathy with the sector. The valuation is reasonable at less than ten times earnings net of cash. This is just a bounce play but I wanted to buy something that has value in case I am early.