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The Company develops, manufactures and sells marine seismic energy sources and underwater electrical connectors and cables, miniature industrial clutches, brakes and sub-fractional horsepower electric motors.
Amazing balance sheet ($4.28 cash per share with stock trading at $8.50). CEO bought shares on open market on 5/29/10 at $9.50. P/E is 13.3.May be an opportune time to get in if you think offshore drilling will rebound and flourish. This company is well-capitalized.
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