Divestco Inc. - Class A V.DVT

Primary Symbol: DSVTF

Energy

Divestco Inc is the Canada-based exploration services company. The company is engaged in the development, designing and sales of geoscience solutions to Energy and Service companies. The company provides Software & Data, Seismic Processing, Geomatics Services, Seismic Data & Brokerage, and Land Services. The company operates in four business segments namely, Software and Data comprises of software exploration products and also provide full suite of support data layers; Services segment comprises of geomatics and processing; Seismic Data comprises of seismic brokerage and data management services which also contributes a major part of revenue and, Corporate and Other segment comprises of overall strategic consultant to companies. Most of its revenue is generated from the Canada market.

EXPM:DSVTF - Post by User

Divestco Inc. - Class A

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Comment by presto10on Nov 25, 2008 10:34am

416 Views

Post# 15608600

RE: Baby and Bathwater

Oh yeah keep this in mind. They made net income of $19.5 and $17.5 million NET last year, after taxes and everthing. That was $.60 and $.45 share EPS. This is a franchise that has gotten squeezed but the market has punished it like it was going out of business. Net asset values of about $120 million. This year has been tough on everyone but how much do you think this is worth if someone were to take it out or in a fire sale? Answer: a heck of a lot more than $.18 after all their debt is paid off! Do they care? Well they own 30% of the co. they'd better.

I noticed that PSD bot back 1.4 million of their over 50 million shares this year - they paid $4 million to do it, half of DVT's market cap. Finally regarding shenanigans the debs disclosure was there in black and white. We just missed it, we bad.

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