RE:RE:RE:RE:RE:Good company, not so good stockAfter Q4 results come out, they should have close to 40M net cash...zero debt. The company is in need of a transformational M+A deal. Here are a couple ideas:
*buy WRG's service rig div..would catapult them to top(or very close) to the industry leader..CWC.
*There are 4 private coiled tubing companies who are low ball bidding jobs which is keeping prices artificially low....buy 1 or perhaps 2 of these and become a player in CT.
*Take a run at SDY, would fit nicely and into an area which they have expertise...equip rental
*buy WRG outright...they'd become a top 3 cad driller, top service rig provider and pick up USA exposure. Would be not be accretive for several years but their debt doesnt mature until 2012 i believe and all held by AIMCO.
If Cyrus doesnt want to take this company to the next level then they should reach out to TOT/CN and push for a deal. New CEO is a finance guy....lets see him work his magic
Spikearoo1 wrote: U know what really sucks is that hwo vs. Competitors is way better off in terms of profit margin, debt coverage ratio, even though I believe they are or close being debt free again, dividend coverage and the fact that they pay a dividend unlike most of their competitors...just totally unnoticed by market.
Wake up mr. Market!!!!