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Strategies & Market Trends : Value Investing

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From: Paul Senior	3/25/2009 5:39:24 PM
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T3 Energy Services stock dropped sharply yesterday presumably because of the sudden announcement that the CEO was leaving. [t]TTES[/t] has generally been profitable (9 of past 10 years), psr at .48 is relatively low. P/e is about 10-11, not so cheap on an absolute basis. D/e is low though at about .09. Price to stated book is relatively low at .65 (price to tangible book is 1.5). ROE never really good--8.4% (5-yr avg). I have a few exploratory shares; upped my position by a few more yesterday. Here's a summary of what the company says it does: "T3 designs, manufactures, repairs and services products used in the drilling and completion of new oil and gas wells, the work over of existing wells, and the production and transportation of oil and gas. Our products are used in both onshore and offshore applications throughout the world. Our customer base consists of leading drilling contractors, exploration and production companies and pipeline companies. As of June 30th, 2008, we had 21 facilities strategically located throughout North America."

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