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Step-by-Step Valuation of National Oilwell Varco (NOV)

March 16, 2016

[This article originally appeared in Forbes] Analyzing companies like National Oilwell Varco (NOV), whose businesses are tied to mysteriously fluctuating commodities prices is notoriously difficult for the simple reason that attempting to predict commodity prices is always a great way to look like an idiot. Luckily, the IOI valuation method sidesteps the problem of looking …

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