RE:RE:RE:Doesn't make any sense...As a holder of a small position, this is exactly whats keeping me from ramping up the size. Their gameplan in 2014-2017 of protecting the balance sheet was excellent but its time they transitioned with a look to adding WCSB product lines which have solid margins and room for growth. THey dont have the balance sheet to get involved in fracking or fluids disposal in a sizable way so I think coiled tubing is probably their best bet. Mid 20's gross margins from most players for Q3. Hopefully, the new CEO can convince the board/Cyrus capital and finally pull the trigger and acquire ESN-Essential Energy SVCS. Would be a bold move which would transform the company, yet add zero net debt to their balance sheet.
Does it happen?? If history is any guide with HWO...probably not.
Risus76 wrote: While true, I do not think that the lack of movement in SP is due to margin compression. It's just a lack of interest because the company does not have any immediate prospects for growth. I think investors would like to see them trying to increase market share via acquisitions that will be accretive down the road than to watch them sit around and have a pristine balance sheet/healthy dividend, but essentially lose market share over the long run.