Weatherford International Ltd fka WFTQ

[Uncle Scrooge]

WFT one of 4 stocks that billionaires are buying:

http://seekingalpha.com/article/1098141-4-stocks-billionaire-investors-are-buying?source=yahoo

"Weatherford International Ltd (WFT) is a company which specializes in providing equipment and services for drilling evaluation, completion, production and intervention of oil and natural gas wells. As seen on the table below there have been 3 Weatherford board members buying the stock aggressively, initiating a total of 10 BUY transactions since November 2012. To add weight to the story, billionaire fund manager Dan Loeb's' company, Third Point, has also reported new ownership in Weatherford. Third Point has reported a position of 4 million shares. This is a link to Third Point's latest SEC filing. Weatherford's stock price has come down 22% over the last 12 months and the PEG ratio of 0.5 suggests that analysts are expecting a strong rebound in the company's earnings. Going off the 5 year PEG ratio, Weatherford is one of the highest upside stocks in billionaire Dan Loeb's portfolio. The five-year PEG is 0.5 as a result of high growth expectations and moderate earnings multiples. The forward P/E ratio of Weatherford is 10 times earnings."

About time they got on board!