Layne Christensen Company (NASDAQ:LAYN)

CAPS Rating: 3 out of 5

The Company provides drilling and construction services and related products in two principal markets: water and wastewater infrastructure and mineral exploration, as well as being a producer of unconventional natural gas for the energy market.

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Player Avatar binv271828 (< 20) Submitted: 5/30/2008 5:36:53 PM : Outperform Start Price: $47.04 LAYN Score: -55.81

Water play. Water is a valuable resource and will only become more valuable (unless populations start declining). Has business in both water distribtution and wastewater handling. I also like the mineral exploration and unconvential natural gas producer aspect. Nice bonus!.

I like the industry a lot. LAYN has a fair amount of debt (D/E is about 0.1), but seem manageable. But they are growing like crazy. EPS Growth of 42 compared to PE of 22 is a nice incentive for a highly growing company in an increasingly important market.

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