Layne Christensen Company (NASDAQ:LAYN)
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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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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.