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$56.94 -1.51 (-2.58%)
7/3/2008 1:00 PM

Dawson Geophysical Company (DWSN)

CAPS Rating:
*****

The Company acquires and processes 2-D, 3-D seismic and multi-component seismic data for its clients, ranging from major oil and gas companies to independent oil and gas operations as well as providers of multi-client data libraries.

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Avatar XMFCramerica (90.98) Submitted: 8/24/06 12:46 AM : Outperform Start Price: $29.39 DWSN Score: 92.01

I really like Dawson at its current price of roughly $26. It is currently selling right around its 52-week low. If I could make a second pick on Dawson I would right now, at the current 10% discount to my initial start price. At a Forward PE of 10 and a PEG of .70, the market is hardly baking in any growth. Much of this pessimism surrounds the increased capital expenditures from Dawson's last quarter. However, those capital expenditures seem to be aligned with setting the stage for future growth. Companies need time for expenditures to pay off. The market eventually reward thems appropriately. Regardless of the relative changes in oil prices, Dawson is a shareholder-friendly well-run small-cap in an industry - providing seismic data research for oil companies - that shows no sign of abating. It appears a steal at its current price.

Disclosure: I may very well be buying shares sometime soon ;)

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