Energy services provider Weatherford (NYSE:WFT) can try investor's patience a fair bit. Not only does the company have a below-average record within the industry in terms of returns on capital, this is a story where the words "it's always something" seems to especially resonate. That said, the company's overseas leverage is appealing, as is the company's weighting towards oil-heavy services, and the valuation is compelling.
Not Many Operational Surprises in the Fourth Quarter
Weatherford reported "preliminary" fourth quarter results that included 10% sequential revenue growth, with 15% growth overseas and 5% growth in North America. Although Weatherford's domestic growth was fairly consistent with the Big Three ((Schlumberger (NYSE:SLB), Halliburton (NYSE:HAL), and Baker Hughes (NYSE:BHI)), the international growth here was pretty solid - especially in Latin America (up 23% sequentially).
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http://stocks.investopedia.com/stock-analysis/2012/Weatherfords-Tax-Issues-Shouldnt-Obscure-A-Good-Story-WFT-BHI-SLB-HAL0227.aspx
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