Value Microcaps Motherboard

[micham2012]

10 bagger re SDRL.O, SDRLF:

On April 6th of this year, Merrill Lynch put out a report on SDRLF (thanks, kipp440!). Merrill had a target price of NOK130, based upon US GAAP estimated earnings of US$.30 for the whole of 2006. It turns out Q1 2006 actual earnings were US$.24, and I assume these are GAAP earnings as well. Am I missing something? How could Merrill be so far off 2 months ago? And, with the beating the stock took last night (NOK83 at close), wouldn't this be a good time to buy more? I bought a bunch at about US$9.85, sold half at $15.50, and am thinking that I might buy that half back at the open tonight.

Any thoughts would be appreciated, as always. Thanks for pounding the table on this stock.

Steve