RE: QE3 or NO QE3 is not the question Mc Coy can do quite well on its own.
International sales will soar this year due to the international sales team in Houston, and the marketing and sales representatives in the Middle East North Africa (MENA), Russia India Caspian Sub-Sahara (RICS) and Far East regions to focus on current and potential customers in these growing markets.
In addition , the EP&S segment is also focused on growing the replacement parts and service business for drilling equipment worldwide. Growing the replacement parts and service business enables the McCoy to capitalize on the recurring revenue from maintaining capital equipment. This is a large worldwide market that aligns exceptionally well with McCoy's expertise.
McCoy spent a fair wad in 2011 searching for the right acquisition which were targeting entities where the technologies would enhance or accelerate existing development programs.
With $30 million in cash, they are now very well placed to make that disciplined move that they have been searching for.