Mitcham Industries, Inc. (NASDAQ:MIND)

CAPS Rating: 3 out of 5

Through its subsidiaries, the Company provides full-service equipment leasing, sales and service to the seismic industry. The Company operates in two segments, Equipment Leasing and equipment manufacturing.


Player Avatar troym72 (45.70) Submitted: 3/19/2012 3:42:04 PM : Outperform Start Price: $22.31 MIND Score: +6.77

MIND has a forward P/E of less than 10. Add to that the fact that the stock has recently slid almost 20% and you have the perfect opportunity to grab a bargain and make a quick buck. Now, it is possible that MIND will continue to slide downward from here for a while. After all the stock has doubled since October 2011, so there may be more profit-taking that keeps the stock from breaking out again in the near-term. However, I'm not too worried about that. MIND is a winner.

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