Paid subscribers to Jonah’s Growth Stock Deep Dives receive ~2 deep dives per month (8,000+ words), ~2 mini deep dives per month (2,000+ words) and quarterly earnings commentary (on most of my portfolio companies) plus access to my investment portfolio (up +103% YTD in 2024, up +134% in 2023 and up +2,060% since January 2020) with real-time activity, notes/commentary and charts throughout the day.
My investment strategy is pretty simple. I want to own 20-30 high-quality growth stocks with the best fundamentals at the most reasonable valuations — if the fundamentals begin to disappoint or the valuation no longer looks compelling I will trim or sell my position. I want to own stocks that have at least 50% upside within the next 1-2 years and at least 100% upside within the next 3-4 years. If I buy stocks that are too expensive, the fundamentals aren’t good enough or my investment thesis is flawed — then I’ll never hit my investment targets. My objective is to maximize performance in good markets and minimize losses in bad markets. I accomplish this by being very selective in what I own but also using technical analysis, stop losses and hedges to protect my portfolio in market downturns.
Company: Oceaneering International
Ticker: (OII)
Website: Oceaneering.com/
IPO date: January 17, 1978
Current stock price: $24.90
Outstanding shares: 100.81 million
52-week high: $27.46 on September 27, 2023
52-week low: $14.99 on May 31, 2023
ATH: $86.79 on November 04, 2013
Market cap: $2.51 billion
Net cash/debt: -$243 million
Enterprise value: $2.75 billion
Headquarters: Houston, Texas, United States
Number of employees: 10,100+
Average price target from analysts: $25.33
Investor Relations:
https://investors.oceaneering.com/
Q4 2023 Earnings Report: https://investors.oceaneering.com/news/news-details/2024/Oceaneering-Reports-Fourth-Quarter-2023-Results/default.aspx
Q4 2023 Investor Presentation: https://s201.q4cdn.com/108344635/files/doc_presentations/2024/Feb/26/Q4-2023-IR-Presentation-FINAL-pdf2.pdf
Outline
Introduction [part 1]
Company Background [part 1]
Opportunity [part 1]
Business Model [part 1]
Competitive Advantages [part 1]
Risks [part 1]
Valuation [part 2]
Investment Model [part 2]
Analysts [part 2]
Technicals [part 2]
Conclusion [part 2]