2024-02-12 14:43:38 ET
Summary
- Tidewater Inc. has shown significant revenue growth, expanding margins, and profitability, along with providing strong guidance for future earnings.
- As the leading OSV operator, Tidewater benefits from rising demand and day rates in offshore drilling.
- The company's expansion into the offshore wind sector presents significant growth opportunities.
- Strong free cash flow generation supports strong shareholder returns.
Over the past 3+ years, I’ve written about 100+ companies , and Tidewater Inc. ( TDW ) is certainly not a traditional growth stock. However, TDW not only gives me diversification and exposure to the energy industry, but the company also has strong fundamentals and trades at a reasonable valuation.
At the time I’m writing this, I have a 3.5% position in TDW, and I will add on pullbacks as long as the fundamentals remain strong and the valuation remains compelling....
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For further details see:
Establishing Dominance In The OSV Market: Mini Deep Dive On Tidewater