The CEO Cole gave a very enthusiastic presentation. He commented the analysts have pegged Newpark revenues up $70 million over 2002. He said Newpark will do that revenue increase in drilling fluids all by itself this year. He said Exxon has become a customer for their drilling fluids. He talked about many new mat product applications outside the oilpatch in various parts of the world. Sounds like the new applications are even more profitable than the oil applications. Did lostongreen cover his shorts yet?
Lunch: Your remarks regarding CEO Cole's presentation put a sweet smile on my face. ALL of Newpark's business segments seem to pumping on all cylinders. Great way to go into 2003.
OT: I appreciate your concern regarding my position. You'll be glad to know that I am very "long" relative to the amount of moolah I've got in the market. So thrilled with this small cap that I bought a little for mom. Hate to be overly optimistic but this puppy once traded in the $20s.