Is Eric Right?As to the question, "Undevalued" was in the Globe & Mail business section. GLTA
Eric Nuttall recently made PD a top pick. What are your views? PD is a drilling/service company, showing good momentum now but it has been a basket case for a long time. Debt was way too high for years after acquisitions, but is now less than 2X cash flow. As a result, it has turned around and is now highly profitable. If the sector does well, more drilling will occur and it could continue with gains. It is also cheap at 10X earnings (no dividend). (5iResearch)