CGG Veritas (ADR) (NYSE:CGV)
CAPS Rating:
An international provider of geophysical services and manufacturer of geophysical equipment.
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An international provider of geophysical services and manufacturer of geophysical equipment.
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This stock is well positioned for earnings and sales growth assuming oil prices stay where they are (in the seventies). The company has loads of cash and management is doing all the right things. It is selling for 0.7 times book and 6 times earnings despite the fact that it is immensely profitable and solvent. I expect a short term pop assuming oil holds steady. Otherwise, I am comfortable treating this as a buy and hold stock.