It's Time to Buy Halliburton (NYSE: HAL)

Selling at Halliburton seems to be declining and may be near bottom. Despite a drop in incomes and the spill in the Gulf, the population is not cheap, even at current levels. However, the population is classified as a buy or strong buy by analysts.

THE ANALYSIS: Slorer scaled back a prediction on Halliburton losses caused by exposure to the Gulf. Slorer now expects the company's earnings to be reduced by 10 percent in 2010, 2011 and 2012 instead of a previously estimated 12 percent, 20 percent and 17 percent.