Robert FloydNQL Drilling ToolsNQL.TOTOP PICKSep 20, 2006
Continue to make interesting acquisitions. Good management. Earnings are continuing to build. Looking at about $.61 for the year. They are involved in selling/renting the motors that go in the drill holes. Good price range.
(A Top Pick May 16/06. Down 10.7%.) Would be a big buyer at this price. Numbers reported were extremely strong. Earnings are continuing to grow and revenues are very strong.
(A Top Pick Jun 2/06. Down 8.6%.) Has done a marvellous job turning around its operations. Made a number of strategic acquisitions and would still buy at this price.
Manufacture motors as well as a number of pieces that go into the drill hole. They rent them and sell them and the company has turned their operation around quite nicely. Have made a number of nice acquisitions. Have strong working capital so can make more acquisitions.
Provide a lot of services for the drilling companies. Just reported and their numbers were extremely strong. Have made a number of nice little acquisitions.
It's gone up 182% over the past year. He expects it to go higher. This company is involved in the drilling side of oil, plus they've bought a company that makes motors and are working the two companies together. The order backlog is very strong.
He's buying again.