Hercules Offshore Inc (fka HEROQ)

[Timothy Smith]

4 additional reasons HERO is a good speculative play at $5 a share:

After posting losses for the last two fiscal years, analysts project the company will be back in the black in FY2013 with earnings of a quarter per share.

Revenue growth is expected to accelerate to almost 30% in FY2013 from just over 5% in FY2012.

Insiders stepped up to buy the stock in the second quarter when the stock and the market were tanking and have been net buyers of the shares in 2012.

This stock traded above $35 a share prior to the financial crisis and is now above its 200 day moving average again (See Chart).