Why Nabors Industries Ltd.'s Shares Jumped Today

Is this meaningful or just another movement?

Feb 19, 2014 at 8:00PM

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of drilling-services company Nabors Industries (NYSE:NBR) jumped as much as 14% today after reporting earnings.

So what: Fourth-quarter revenue was up slightly to $1.61 billion, topping estimates of $1.55 billion from Wall Street. Net income from continuing operations was down slightly to $128.5 million, or $0.42 per share, but was well ahead of the $0.20 estimate.  

Now what: The bottom line was helped by $0.16 per share in tax benefits, but even after taking that out, the results were impressive. Management also expects results to pick up in 2014, starting in the second quarter. Both international and domestic businesses look strong given rising commodity prices. Considering that shares trade at only 14 times forward estimates, which were low last quarter, I think there's room to run, especially if commodity prices remain high.

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Travis Hoium and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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