Layne Christensen Company (LAYN)

5-star $456 million market cap on 11/25/06.
Drilling and related services.
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Currently trading at 48% intrinsic value.

US city infrastructure is OLD! Need to rebuild will show itself

This is a great stock, i have ridden it up and up, just make sure you take a little off the top as it goes because there are great resets like the one today. The stock just fell to 46 and change and is going to break 60 by march o8. Over the last 2 years layns profits have been boosted by there water treatment expansion, and with the energy bill being passed, the need for cooling systems (water) used in the production of ethanol are going to be needed and funded by our government. Estimating 10 million excess revenue possibly for the first quarter. Rest of business is doing great and promises to be a leader through 08 much like 07.

At 51.45, this is a good time to jump in.

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.

19 consecutive quarters of growth or something like that, may drop down to mid teens but within 2 or 3 years 50 dollars or more is my prediction for this one.

Lets see, Layne is involved in natural gas (bull market), mineral exploration (bull market), and water infastructure (bull market).

great Q

Water water water water water water.

There is no life without water. How many more reasons do you need?

Good short term performance

water infrastructure play. Low PE (7.5) and good management.

Drilling for water, geothermal, and oil reserves.... need I say more?

Financial Statements look good on this company, if it continues the trend of making money will be a good investment. Sales up every year, costs controlled for that period which left profit.

will not perform until we see the end of credit mess or recovery from recession

A key element in the future of Layne-Christensen is the use of Ranney well technology. The world around us needs clean water. It is of importance in the United States in dealing with ground water contamination. It is needed throughout the world as a first step in improving the health and agricultural productivity of third-world countries.

This company is in the oild servicing business. The price of oil in the international market is very high. All companies involved in the oil and gas business will definitely see gains and prifits in the coming week.

9.000