GulfMark Offshore, Inc. (GLF)

Company is restructuring. P/E $4.67...so undervalued

Stock took hit with recession, but this high sales growth company is only trading at 1.8 PSR. Look for future sales growth in 2010 which will translate to higher EPS. Bargain at 6 P/E.

GLF

I do believe this is undervalued, the numbers said so...

I'm not an expert on upstream oil and gas, but I can't see the prices of petrol decreasing in the medium term (at least not before green technology becomes mainstream). That probably means various rigs will still be in operation in the future, and they will need the services that GulfMark provides. Looking at valuation, GLF is selling at slightly below tangible book, and still makes operational profits. The only uncertainty is the amount of debt they have contracted through the Rigdon acquisition, but they just recently refinanced the portion that was coming due in 2010, so assuming their business doesn't decline to pre-2006 levels, GulfMark should perform well.

GulfMark Offshore provides drilling services primarily in the North Sea and Gulf of Mexico. This is a Jubak's Pick. He likes the company's recent acquisition of Rigdon International, which established a major presence in the Gulf of Mexico. The company's stock price was pummelled recently after the company announced some disappointing revenue and profit numbers that suggest management doesn't really have a complete handle on integrated operations at this poing. Although the company is profitable and solvent, it's stock is selling for approximately 0.7 times book value and 7 times 2010 estimated earnings. I see a reasonably chance for a double or triple bagger.

Showed up on a screen for solid 5 year growth with low debt, cash on hand and still at attractive P/E ratios.

Gulf Mark Offshore is another attempt to catch the money that will be flowing into the all the offshore oil and gas drilling that will be going on over the next 5-10 years. These folks own the medium sized boats that haul men and equipment out to deep sea rigs. They form the third leg of my effort to catch this wave, so to speak. RIG the driller, Rowan the rig builder and GulfMark the servicer. I'm missing the owner of course but I find it VERY difficult to make any money from large oil companies.

Not only does it have a low PEG (0.36) and a low P/E (5.13) and P/B (0.81) for its industry, it's been able to boost its sales phenomenally despite the economy. Great profit margins, great ROA, above-average ROE.

jbk

same screen as i have been using accept used small cap instead of micro cap.
ebit/ev yield is 17%. prob sell at about 10%.

10 yr ROIC 12%, ROE 23%, and Sales growth 19%. insiders hv skin in game > 10% ownership. co has extremely skilled mgmt team, lower overhead operating costs

A Jim Jubak pick. Mostly a valuation pick at 5 times earnings, 8 times forward earnings, and .8 book value. I do like the story as the West African and deepwater Gulf discoveries are announced. Insider trading is slighly negative, as is the change in share short from July to August. This valuation is pretty forgiving, though.

Oil market is neutral, but this company recently purchased Rigdon Marine and so owns 34 vessels + manages 5 vessels in the Americas, mostly in deepwater GOM and some in Brazil. It owns 71 vessels + manages 17 vessels in total, mostly in North Sea and a little in SE Asia. Low 6 P/E, 0.9 P/B, low debt. May benefit from recent Tiber discovery, along with Hornbeck Offshore Services. http://www.nola.com/news/index.ssf/2009/09/bp_makes_giant_discovery_in_gu.html

Undervalued. Price Book and EPS

Low P/E, low P/B, I'm thinking this one is underbought and will run up in due course.

Oil is so 2008

Expect oil price recovery over a three year period

Oil and gas are headed higher.