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anticitrade (99.58)

Boots and Coots (WEL) A good pick despite their name.

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May 18, 2009 – Comments (6) | RELATED TICKERS: WEL

This company just popped up in the top ten on my model today and I thought I would pass along this pick to you. 

Despite this company’s ridiculous name, from a fundamental perspective they seem to be heavily undervalued.  Their price recently plummeted after a poor first quarter, I believe investors have over reacted.  I conservatively value them at $2.59 a share which means that investors may gain a cool 121% from this pick.  My recommendation is strengthened because they are tied to the oil industry; a sector I think will become very strong this summer.

For more of my fundamental picks, check out https://www.anticitrade.com.

 

6 Comments – Post Your Own

#1) On May 18, 2009 at 11:47 AM, EggplantWizard (99.84) wrote:

I'm in this in real life with a tiny stake at 1.05.

 

This is a solid value play, but they don't have a lot of room for future growth, jsut a solid business with future dividends, etc -- it's not generally my cup of tea. 

 

I plan to exit around $2, maybe in 1-2 years.

 

If I'm right, that's still not bad for a stock you can buy for $1.15 today.

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#2) On May 18, 2009 at 12:13 PM, SlowRichard (21.94) wrote:

Didn't Hugo just nationalize their VZ operation after VZ could not pay for their services?  I'm not sure they will recover either the money owed for past services or obtain anything like fair market for their equipment.  Maybe I missed something.

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#3) On May 18, 2009 at 3:23 PM, EggplantWizard (99.84) wrote:

#2) On May 18, 2009 at 12:13 PM, SlowRichard (< 20) wrote:

 

"Didn't Hugo just nationalize their VZ operation after VZ could not pay for their services?"

 

It is looking that way -- not all the way to "nationalized" yet, but VZ isn't their only base of operations. certainly likely to sting if there isn't a reversal. One can't tell with political risk. That's certainly priced in here. I wouldn't consider more than a tiny stake, in any case.

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#4) On November 17, 2009 at 10:32 PM, gelsthorpe (< 20) wrote:

So what's wrong with the name?  If you are not or never have been in  the upstream energy sector and have only been a paper trader you would not know anything about the name.  Check out the history on the web site hoss !

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#5) On November 17, 2009 at 10:56 PM, anticitrade (99.58) wrote:

gelsthorpe,

Easy big fella!  Isn't it enough that I invest my hard earned money into their stock?  Do I really have to learn how they justify a fairly rediculous sounding name?  At the end of the day, I don't really care how they get those numbers on their financial statements as long as they keep doing it (some obvious exceptions apply to that statement).

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#6) On November 24, 2009 at 5:04 PM, anticitrade (99.58) wrote:

Big movement out of WEL today, the stock finally started showing its worth today with a 9.5% increase.

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