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CARBO Ceramics Inc. Message Board

  • mead_wa007 mead_wa007 Oct 30, 2013 1:30 PM Flag

    Earnings

    So are we looking at another report on earnings that indicates profits are eroding due to competition from low cost Chinese providers? Or has CRR established a product that drillers are willing to pay a higher price for? It seems that the earnings reports are always tinged with the negative vs. positive. We'll see tomorrow.

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    • Although the current Qs earnings may still be under some competitive pressure, IMHO that is abating and the story going forward is going to be the new high pressure high margin product for deepwater wells. I'm long enough I'll be happy if this goes up tomorrow, but I'm almost praying that the report gets perceived as a miss so that I can double down 5, 10 or 15 points lower.

      Sentiment: Strong Buy

    • Hope today's sell off isn't justified. Bad earnings report is always seems worse when insiders bail the day before although this stock does trade erratically which usually indicates foreign investors.

 
CRR
32.85-4.17(-11.26%)Jul 31 4:05 PMEDT