RE: This could be a monster!!! I had the opportunity to meet up with the CEO in November. Great guy! His enthusiasm for making this turn-around story successful was infectious.
This particular aspect of the recent Corporate Update is most intriguing to me:
More Acquisitions
Enterprise is also in the process of finalizing the acquisition of a utility services & maintenance company out of Edmonton, Alberta. Most costs associated with the takeover have already been recorded in the third quarter. Because the target company is completing a corporate reorganization to prepare itself for the impending sale, the deal hasn’t been closed yet. The acquisition target is profitable and complimentary with Enterprise’s T.C. Backhoe & Directional Drilling subsidiary.
Finally, Enterprise Group is currently negotiating and performing due diligence on an additional acquisition target that management expects to complete in the first quarter of 2013.
Between the acquisitive nature of the CEO, the great numbers expected to continue from Artic, and more exposure, I agree that this an undervalued and underappreciated company.