In the seismic data processing field which is a fabulous sector. On this stock, they have been so wrong for so long it has been embarrassing. They have relatively new management which feels they have some good opportunities this winter. He wants to give them the benefit of the doubt.
Very small player. Have about $20 million in revenues. Having trouble attracting people. Moved into Libya and hired 2 university graduates for engineers! Have to make more deals to improve the bottom line.
The seismic field was having a lot of problems even though oil/gas companies were doing very well. This is a small player with about $20 million of revenues. Larger companies are able to hire workers for more money. Hopeful that someone will take them out.
Having difficulties. Basically a break even, lose a little money proposition. Have a contract in Libya now. But may have to close the Libya and London offices which will cost them money and limit their future possibilities.
Still owns it. Have bought more in the past year. Still likes it. Short term, they may close some of there foreign offices. It would be a long term play, short term there is nothing to get excited about.
At 16 cents it's a bargain. Target price is near 70 cents.
Seismic service company. Trading at its tax loss value indicating management has continued to produce losses over time. In the boom times of 2005/2006 it wasn't able to achieve the margins of its peers. Would prefer a company like Divestco (DVT-T) or Destiny Resource Services (DSC-T).