Yes indeed. That overhang is getting pared, and I also believe Lazarus is probably now gone. Simply eliminate the loss at CBU, and quarterly EPS would have been even 7 cents per share higher (assuming a 36% tax rate) according to my calculations. Early-mid cycle annual EPS power in excess of $1 per share is pretty easy to forsee. Normal cyclicality and lumpiness of revenue and cost recognition (timing) makes that mushy in terms of being a bit higher or lower, but dump CBU and they are already basically there.
Look how much europe and the euro hurt revenues and earnings. any kind of stability there and both revenues and eps will be north of $1 easy and helix is just in its infancy stage.... Look a couple of years out do you really see the stock at $5? the investment in asia seems to be paying dividends 2-3 years later. this stock is a great long term play.... Small float, stock buyback, strong balance sheet, patented technology. 5x the price in 2-3 years is very doable.