The worst thing I can find to say about Oceaneering International (NYSE: OII )
is that I think the company is on a beat-and-raise carousel that
eventually has to end. Oceaneering has an excellent ROV fleet that is in
position to take advantage of increasing deepwater drilling and
production. The company also has a strong products and projects business
that will extend the company's growth past the point where subsea
hardware orders start to decline. The only problem is that the good
times won't last forever, and I'm starting to worry that the Street is
already applying peak multiples to the stock.
Click here to read more:
What Comes After “Great” for Oceaneering International?
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