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Halliburton Company Message Board

  • UMA_thurst UMA_thurst May 4, 1998 11:35 AM Flag

    Greatly undervalued co.

    For a play on the oil services industry, check
    out Bolt Technology (BTJ). This co. supplies drilling
    technology to larger cos. like Schlumberger, Nabors, etc. No
    debt, a ton of cash on the balance sheet, 100% eps
    growth rate, 30% net profit margins, 40% ROE, and
    experienced management. Also, there is a huge net operating
    loss carryforward from the late 1980's which makes
    Bolt a PRIME takeover candidate for a larger company.
    No analysts follow the company because it's too
    small ($50 million), but when it starts showing up on
    Wall Sreet radar screens, look out!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • BTJ-Bolt Technology breaking out yesterday
      implies that as oil
      prices decline, seimic equipment
      and seimic work become more
      important, Bolt is the
      main supplier of air guns to the seimic
      inductry,
      with over 30% of sales going to SLB. 100% EPS, 30%
      net
      profit margin, 40% ROE, and great management. Over 12
      milllion
      carry foward losses, and Capitalization of 65 million,
      Look out
      Wall Street.

      • 1 Reply to manboking
      • Where is the overlap except with the directional
        drilling services. The wireline would only consist of
        about 20% of the market. DI, BHI, HAL, need the
        seismic, HAL not into chemicals ($750 million business for
        baker-petrolite) BHI Oiltools strong with little overlap between
        the others. Also SII would be ready to snatch up any
        spin offs of the directional drilling business. Total
        market cap would be about 30 billion compared to SLB of
        about 34 billion. Would be a monster but think its
        possible. Think HAL is a much better run company that BHI.
        A long shot but not out of the question.

 
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