$8.05
-0.46 (-5.41%)
ION Geophysical Corporation (NYSE:IO)
CAPS Rating:
The Company offers a full suite of related products and services for seismic data acquisition and processing, including products incorporating traditional analog technologies and products incorporating the proprietary VectorSeis, True Digital technology.
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As the limited natural resource of oil becomes harder to pull, locating substantial reserves is most important. Ion Geophysical is on the leading edge of this technology. They have recently expanded their business and have exposure to the Asian market. While reading the most recent conference call, I like some of managements decisions concerning debt repayment and R & D.
Agree that this is a good longer term play.
I will be adding to my position here even after the 25% gain today. This stock is now unleashed and will run. I believe if the market did not take such a hit today this stock would have done much better.