NOV - Forging Company Needed
NOV should purchase a Forging Company including machining capabilities. This would help reduce thier raw material and manufacturing costs and also help them lock in Raw Material for Rigs,
especially for Pressure Control Group.
It would also make it harder for thier competetion to aquire quality raw material.
Review acquisition of Elwood Group Inc. Good move.
Very strong company, high quality organization with Excellent Management, and a Great Fit.
Sentiment: Strong Buy