Boots & Coots Intl. Well, Inc. (WEL)

I've been watching this stock for a few months now, and lament "missing the boat" when I could have been along for the recent ride up. In any case, I am still very bullish on WEL, and the niche market they serve. Regardless of the high price of oil, they provide a service that drillers need in any economic environment. Also a hedge against a Democratic victory in November - Iran will be burning in no time if McCain gets in, and WEL will be there to put out the fires.

CAPS Rating - 5 Stars [233 outperforms / 8 underperforms]

Forgtet the industry this thing is associated with. Forget the P/E. Forget everything about WEL except the technical factors. Historically this outfit has been unable to earn any real money on a continuing basis. They are usually plus or minus a dime. If they start to make a little money, the stock seems to expand to dilute it. For years WEL has cycled from .50-.60 low to about $1.50 high. . .and it does it pretty much in a straight line. The line has been down for several months and I'm willing to bet that it will continue down until it reaches that .50-.60 level. Then, after a little rest, off she goes , back to $1.50; and it matters not whether they earn a dime or lose a dime,. Somebody's financial toy. It will be my toy at .50 - .60.

Some of the same resources who worked for Red Adair - Well inspections and control.

..WELL , wHOT can I say ???

WEL depends on oil well fires. This company only profits from other people's mistakes and war in the middle east, but there will always be war in the middle east and people are always messing up, so this is a buy at 14.19 P/E

For a long time this stock was held down by OIS selling a large position. That sale has been completed and WEL's fundamentals continue strong. This stock showed one of the most bullish stock signals for me - the CFO bought 50,000 shares with the stock within pennies of a 52 week high. Generally speaking that's a very strong indication and I wouldn't be surprised to see WEL at $5 next year.

There will always be a need to put holes in Mother Earth. These are the guys and gals that put out the fires when Mother Earth gets angry. Which these days is often.

How am I not rating this? I own it in real life at $1.26.

Up, Up, and Away!

This guy is a good company and stands to rebound along with the oil rebound we are bound to see.

GROWTH + EARNINGS + LOW PE = ONE OF MY PICKS

Boots and Coots are adding new services to spice up their profits.

more fuel.....more money

Great business at this time

hidden gem

Profits are growing nicely. Look for big growth.

. Diversified small cap oil and gas play – strong up trend

• The Company provides a suite of integrated pressure control and related services to onshore and offshore oil and gas exploration and development companies, in North America, South America, North Africa, West Africa and the Middle East.
• With profitability increases in almost every location in its international business during the first quarter and continued improved activity levels in the Gulf of Mexico, I continue to believe that WEL is being very conservative in its estimated earnings per share for the second quarter."
• "2008 will continue to be a very successful year for the Company, and at a recent price of $2.16 per share, the Company continues to be extremely undervalued. We believe oil prices driven by world demand and civil unrest will continue to increase and create unique opportunities for WEL. Additionally, the Company's domestic activity is driven by natural gas. As many companies in the United States continue to explore for natural gas, the Company's domestic operations should continue to build momentum in the second quarter,"
•

Recent pull back just makes this stock even more attractive. Long term buy.

Wth the current demand for oil, you can't go wrong with onshore and offshore oil and gas exploration and development.

Market Cap (intraday)5: 117.17M
Enterprise Value (17-Apr-09)3: 139.56M
Trailing P/E (ttm, intraday): 5.43
Forward P/E (fye 31-Dec-10) 1: 5.07
PEG Ratio (5 yr expected): N/A
Price/Sales (ttm): 0.55
Price/Book (mrq): 1.12
Enterprise Value/Revenue (ttm)3: 0.67
Enterprise Value/EBITDA (ttm)3: 3.55
FINANCIAL HIGHLIGHTS
Fiscal Year
Fiscal Year Ends: 31-Dec
Most Recent Quarter (mrq): 31-Dec-08
Profitability
Profit Margin (ttm): 10.43%
Operating Margin (ttm): 14.34%
Management Effectiveness
Return on Assets (ttm): 11.67%
Return on Equity (ttm): 24.41%
Income Statement
Revenue (ttm): 209.24M
Revenue Per Share (ttm): 2.759
Qtrly Revenue Growth (yoy): 54.70%
Gross Profit (ttm): 80.22M
EBITDA (ttm): 39.32M
Net Income Avl to Common (ttm): 21.82M
Diluted EPS (ttm): 0.28
Qtrly Earnings Growth (yoy): -11.70%
Balance Sheet
Total Cash (mrq): 6.22M
Total Cash Per Share (mrq): 0.081
Total Debt (mrq): 31.70M
Total Debt/Equity (mrq): N/A
Current Ratio (mrq): 1.795
Book Value Per Share (mrq): 1.32
Cash Flow Statement
Operating Cash Flow (ttm): 22.91M
Levered Free Cash Flow (ttm): -11.42M