CARBO Ceramics (NYSE:CRR) posted a better than expected quarter. This pushed its share price up to its best day in quite some time. Although it beat on the top and bottom lines, there could still be significant problems going forward. CARBO's business has changed significantly since 2009. Early that year, its business began to grow quickly based on increased business from horizontal wells in several basins throughout the United States. This company has several businesses, but ceramic proppant was the basis for its growth, and is still a large part of its business. Demand for ceramic proppant was great, but we have seen a significant decline in market share in years since. It is important to note that...
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