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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (68964)6/16/2008 8:48:42 AM
From: lexi2004  Read Replies (1) of 108678
 
CFX...I love trading this stock. It has been a beauty. I buy a partial then average in on a pullback or strength.

First up in this week's Rocket Stock portfolio is Colfax(CFX - Cramer's Take - Stockpickr), which reports earnings on Tuesday and could move substantially higher.

Colfax, which is one of the few pure plays in the fluid management business, just came public last month and is firing on all cylinders.

With huge amounts of capital being spent to extract oil, rigs are under substantial pressure to drill as much as they possible can in order to take advantage of the inflated price. This is where Colfax comes into play.

Colfax's revenue is broken up in the following regions: 47% Europe, 24% U.S., 16% Asia, 7% Middle East and Africa, 3% Central and South America and 2% Canada. International sales now account for over 75% of the company's revenue, meaning that Colfax is not tied to the slowing U.S. economy.
thestreet.com.
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