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$53.56 -1.62 (-2.94%)
9/4/2008 4:00 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 thomasakempis (40.44) Submitted: 4/10/07 12:14 PM : Outperform Start Price: $50.43 DWSN Score: 20.39

wow, tough to say on this one. on one hand, the price appears to be quite overcooked based on the recent runup. on the other hand, could be the "perfect storm" where all the chickens finally comes home to roost - ie all the growth and business changes made in the past year or two kick in all at one time. added and trained crews, bought new equipement, changed contracts to moderate impact of bad weather, some delinkage of price of oil vs stock price.... earnings and fwd PEs look sane and even beatable. 07 earnings of 3 bucks and a pe in the 15-20 seems achievable. so let's hope for 60, then recalibrate. management seems impeccable, and coverage on the hidden gems board is awesome - those guys deserve a medal.

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