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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: RBlatch who wrote (50947)9/11/1999 2:00:00 PM
From: AltLar   of 95453
 
IO, a designer and manufacturer of seismic data acquisition products used on land, in transition zones and in marine environments, is looking like an interesting laggard. Currently trading at about $8.00, it is up only about 50% from its February low and a long way from its old high of $40. It has a very clean balance sheet with $75M in cash and almost no debt. According to Yahoo it was scheduled to report earnings yesterday but didn't though it fell 3% leading me to suspect earnings may fall short of the .15 expected loss. If this is true and it follows the pattern of MIND earlier in the week it will sell off on the bad news, shaking out any remaining weak hands, clearing the stage for an upside breakout. My question to the thread is where in the cycle is the sweet spot for seismic equipment manufacturers and what kind of reputation does IO have? Discussion or speculation?
Larry
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