Post by
commodity16 on Dec 04, 2013 2:47pm
buy on the dips
These dips keep providing what should prove to be a great buying opportunity in this company. The only reason the eps are down are because of the ongoing aggressive expansion, and the issuance of shares to raise capital for this expansion. The fundamentals are solid with this business. 74 trucks by yr end....last yr I beleive when I first invested in this company they only had 42. Once all these trucks hit the road making money they are going to start banging out some gangbuster numbers, and the way Lonestar is going here, expanding in the US, I dont see this growth slowing anytime soon. I see this as a very solid investment with all the pipeline work coming in Canada and US in 2014 it should be a great yr. Lots of upside here, just keep adding with the short term, un-justifiable fluxuations and this will be a great long term hold. At least until the takeover, which will be almost inevitable given the strong demand in North America for hydrovacing. There are numerous companies out there which would I am sure love to get their hands on this company, once they become a big enough target. Badger, Clearstream, Flint, the list goes on...
Comment by
PAGODA5 on Dec 06, 2013 11:47am
My thoughts exactly. They need to buy more trucks now while money is cheap and get them on the road. Forget about EPS for now....those $$ will come. Good buying opportunity right now