Bristow Group, Inc. (NYSE:BRS)
The Company provides helicopter transportation services to the offshore oil and gas industry with major operations in the Gulf of Mexico and the North Sea and also has operations in most of the other major offshore oil and gas producing regions.
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Recs
k man helicopters are cool
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Following statsgeek
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I need help
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its yearlly numbers are solid
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while the industry has attractive demand characteristics, this company is planning to spend over $1B in the next 4 years to totally upgrade its fleet of helis. the returns they will get from these helis make increasing ROIC a difficult task as the new helis are 10-20X more expensive than the amount they have on the books re their current fleet. this company needs to increase ROIC and if they don't they are fairly to slightly over-valued. they have a new CEO that is committed to this task, and i wish him good luck, yet it will be a hard road to follow.
Recs
Solid company. Helos booked with oil companies for several years. Possible renegotiation of contracts with several African operations to higher prices. Oil exploration expanding, with many fields off-shore or in remote locations that require helicopter transportation. Currently stock is lower due to lower than expected earnings report, which coincided with general decline in stock market. Expect a very nice bounce back in the next few weeks.
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A value proposition
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Earnings report on November 8, 2006.
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