Graham Corp (GHM)

smacke01 (28.00) Submitted: 7/16/08 10:56 PM : Start Price: $45.85 GHM Score: -44.40

GHM makes what I call "Bolt On" parts for the refinery industry. The parts are vacuums and heat transfer parts that allow refineries to process heavy crude oil. Lets face it, the light sweat crude that used to pour from the facet of West Texas is gone. The whole world needs to get used to drilling, extracting, and refining heavy or sour crude oil. Since the US hasn't built a new refinery since the 1970's, its time for these refineries to get a tune up to handle the heavy crude that is going to be the standard going forward. The environmentalists will not allow new refinereis to be built, so we are just going to upgrade them with parts from GHM.
GHM is a very old company with a global presence. GHM has long ties with the Saudis and their heavy crude and now that Brazil's huge offshore find is most likely a thick, heavy crude, GHM should be sending down a sales team for the future.

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