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Gold/Mining/Energy : Canadian Value stocks

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From: valueguy2/24/2013 8:11:24 AM
   of 4
 
High Arctic Energy Services (HWO)
I have been doing my DD on this company and I'm pretty impressed. They seem to have restructured themselves nicely out of near bankruptcy.

Also, they have large companies as their customers, which should help if the economy slips a bit. Encana, Talisman, Exxon, shell, Penn West, Bonivista.

FACTS

SP: $2.5

Book Value: 1.64

trading at 1.51 times book

P/E: 3.84

Current ratio: 3.15

debt to equity: 0.15

cash: $22.5 million

debt: $8 million

ROE: 36.8%

Insiders own 75%



Even though the stock price has run up so much, I dont see much downside with the balance sheet they have. In fact, I think the stock is still pretty cheap. Any thoughts?
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