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An international provider of geophysical services and manufacturer of geophysical equipment.
61% of revenue derived outside of Western Europe.
Original pitch from "11 O'Clock Stock" series. http://www.fool.com/investing/general/2010/09/14/todays-buy-opportunity-cgg-veritas.aspxTo see more about the series, watch this video from co-founder Tom Gardner:http://www.fool.com/investing/general/2010/07/22/introducing-11-oclock-stock.aspx
Battered by BP problem, and hey, the recession is over, right? Right?
Marine seismic data company - "acquisition and processing," as CAPS user Geofiz calls it. Highly levered and at a work-stoppage standstill, apparently, since the Macondo disaster.So, technically a distressed turnaround play. But any company that helps get oil out of the ground is, to my mind, distressed the way Michael Phelps gets distressed when he dunks his head underwater in the above ground kiddie wading pool. Is he drowning? Or will he inevitably get back above the surface to rise again?Geofiz thinks he's drowning. Let's see.
Apparently hit hard by 2010 gulf oil scare.
What a great time to buy.
we need more oil.
Red Raider is Lord
This stock is well positioned for earnings and sales growth assuming oil prices stay where they are (in the seventies). The company has loads of cash and management is doing all the right things. It is selling for 0.7 times book and 6 times earnings despite the fact that it is immensely profitable and solvent. I expect a short term pop assuming oil holds steady. Otherwise, I am comfortable treating this as a buy and hold stock.
Solid balance sheet, great cash flow. Way too beaten up at these levels.
I wish that I had picked this one on 3/08, but it's still a good buy at these historic lows. The energy sector is poised for aggressive growth in the future as oil reserves are dwindling vs demand. Which means that new exploration is crucial to keep the wheels of industry turning. I expect that this stock will correct upwards to $30 or above within 2 years.
Very low price but fixed costs are very high. Will sky rocket when things start looking somewhat rosier.
Oil will recover. Well equipted to look for more.
Everything has a price, and it is unbelievably cheap. Good visibility, nice orderbook, huge past sotck price underperformance: you have a garp company for a value price.
Out perform on this seismic data processor. Market has been brutal on this one and while it needs capital to run its business, oil exploration is a need that will only increase
CHeap cheap cheap
just way to cheap
Long-term macro economics play - peak oil. Reasonable valuation on strong growth and increasing market share.
Oil services are the sweet spot.
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