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Strategies & Market Trends : Befriend the Trend Trading

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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From: Dr. Stoxx	2/28/2007 12:42:29 PM
	of 39683

12:33 BTJ Bolt Technology Corp: Revisited (24.25 +0.67) We first looked at BTJ back on October 24 after the co reported a series of quarters showing strong earnings growth. In late January when BTJ reported Q2 earnings, the co demonstrated a continuation of this trend with Q2 YoY EPS growth of 164% and rev growth of 87%. Prior to yesterday's market sell-off, BTJ was trading at new multi-year highs, representing a 50%+ move from where we originally highlighted the co. Given the continued strength in the stock, we thought we'd bring investors up to date on the name... BTJ is seismic co involved in the deepwater oil & gas exploration process. The co operates in two business segments: geophysical equipment (90% of FY06 revs) and industrial products (10% of FY06 revs). BTJ's primary geophysical equipment segment produces marine seismic energy sources and underwater electrical connectors and cables used by the marine seismic industry. The impressive earnings growth seen over the past several quarters has been fueled by increasing marine seismic exploration activity, which is directly related to higher oil and gas prices and increased worldwide energy demand. The co said in its recent Q2 10-Q that despite a recent decrease in commodity prices, demand for the co's geophysical products remains strong. BTJ expects continued high levels of activity for the remainder of FY07 based on several factors, including their expectation that seismic vessel demand will exceed supply... Given the large recent gains seen in BTJ along with the volatility in the broader equity market, we would not be surprised to see the stock take a breather here. A near-term event to watch will be peer seismic co Input/Output's (IO) Q4 earnings, which are scheduled for after the close tonight... Mkt cap: $136 mln, float: 5.1 mln shares, avg daily volume: 193K shares. (PROFX)

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