No. of Recommendations: 9
I'd probably say what I said then...the more knowledgeable folks might find it worth a bit of reading : )
They are very active in a couple of regions of the world suffering from flying missiles, so current results aren't what they might be. But the same general comments apply: at a surface level of analysis, it looks not bad. Good balance sheet, not *directly* exposed to the price of crude.
Total return 49% (27%/yr) from that post 1.7 years ago, but (again, not really knowing the industry) it superficially looks to me like greater than 50/50 chance of a double digit nominal annual total return in the next few years from here ($52.61 in the US).
That's assuming no catastrophes to their overall business, which I can't comment on because I don't really know the industry or its hidden risks.
Jim
