SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Burryology
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Harshu Vyas who wrote (34)5/26/2024 11:21:02 AM
From: Sean Collett1 Recommendation

Recommended By
Harshu Vyas

   of 39
 
GEOS I am probably too early in my entry and likely screwed up as support isn't there. I have really started using TA to try to better time my entry points and this one was before I implemented that strategy. Up 0.7% now so figured I would ride this for a bit since I am not in the red.

They're a company that sells equipment to help find oil in a quick overview. So if one is bullish oil and believe that there will be continued demand to explore and uncover new reserves then this could be something to look into.

They had a good revenue year in 2023 and FCF returned to positive. They have almost no debt and the ability to borrow up to $11.3MM in the event something is needed. They have $51MM in C&E which is also a positive to see.

They also have some debt-free real-estate they could leverage if needed. The own a 387K square foot building in Houston + 17.3 acres of land they could expand onto or sell.

They sold a facility in 2023 to help drive operating improvements which should see increases in operating margins down the line.

Announced a buyback program of up to $5MM which really isn't much but still positive to see (assuming they execute).

In January they were awarded a few contacts that were set to kick in March/April of this year that should be around $14MM for them + a $15MM option that could be in addition if executed.

-Sean
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News