Cardboard Posted January 20, 2012 Share Posted January 20, 2012 I still hold this underperformer. If one of you is still a holder, please send me a message so we can chat. Cardboard Link to comment Share on other sites More sharing options...
alertmeipp Posted January 21, 2012 Share Posted January 21, 2012 what's the thesis? Link to comment Share on other sites More sharing options...
Cardboard Posted January 21, 2012 Author Share Posted January 21, 2012 Canadian net-net producing drilling equipment and offering services to oil & gas drillers. Profits have returned despite low gas prices due to higher activity in the WCSB and from them seaking international contracts. Although, this return of profits has been very slow and still weak. Sales are closing in on records, but margins are too low. They are working on that. Shareholders dissatisfaction is extremely high with 40% of votes last year against all board members. This is without any outside holder above 10%, no proxy fight, no visible coalition. Insiders own around 20%. Cardboard Link to comment Share on other sites More sharing options...
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