Check out the latest analyst's estimates. They appear to have added in the accretion from the Stinger acquisition. at $22 OIS has a 2005 forward p/e of 12.9. The stock price will bounce up and down based on a plethora of inputs. The only question a long term investor has to ask is "What is a fair price for this stock?" Everyone has to answer that for themselves.
"You bought at $15, then didn't sell on $24+ and took profit, then buy at low later. What a moron!"
Ok, see if you're saying that when we're trading at 60. Until 24, you're right, on paper. But my shares are still gonna be worth 4 fold pretty soon... you'll see, wink.
1. You bought at $15, then didn't sell on $24+ and took profit, then buy at low later. What a moron!
2. Plus you expect at $60. If I'm jerkoff day trader, then you're worthless day dreamer. You don't need to feel sorry for me, just do it for yourself.
I can ignore u from now. Take my advice: "Buy low, sell high".
"I see you're getting angry because of losing money now. What a loser!"
Sorry, Lt. Reject. I'm in oil states from 15, and I expect 60. Not even close to losing money. If you think there's a downtrend, or even if you think somebody might for a second believe your day-trading lies, then I can only feel sorry for you. Go waste the time of someone who cares what you have to say. Stop vandalizing this message board. Get in before 30 and you're lucky.
Very Strong Buy, Mark My Words
check this article out on Reuters.com today. They calc a forward peg ratio of 0.59. not a lot of risk there.
..."both jerkoff daytraders, that's why".
Yes, very true crackmonkey. These guys are rejects tryin to manipulate other idiots into selling a $40 fair value for the current discount price of $20/share. Do not sell your stock, buy more. Oil States is so ridiculously under-valued it's funny. Assets people. Net tangibles. This company will sell in the 60s before we know it. Get in before 30 and you're lucky. Mark this post, cause it'll prove my point in time...
Thanks for your input. Having checked this out reasonably well, both fundementally and technically, It looks like management is doing fine and the possibilities of the company look really good. The sharp downward movement just surprised me.
On the surface, it just doesn't seem to make sense. That usually sends up a red flag at which point I ask myself, "What's going on that I need to know." One possible answer is profit taking after a nice run up. Any other thoughts?
Your guess is as good as mine. However, aside from the positive fundamentals and technicals, this is one of the few companies I follow which consistently beats estimates and consistently raises estimates. Value investors such as Royce and Legg Mason have positions here. I added a little today for a trade with a tight stop loss on the additional shares. The only caveat which I noted in the latest Annual Report (see page 4: Outlook for 2005) was that although Tubular Services should have strong revenues in 2005, "... margins may trend downward to historical averages should the rise in steel prices moderate." As tubular services contributes 30% to EBITDA ( See Annual Report, page 1) there would be some bottom line impact. If anyone can quantify this the clarification would be appreciated. Good luck. H.