Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Layne Christensen Still Clear As Mud

Layne Christensen (NASDAQ:LAYN) has never been an easy stock, and a variety of problems in recent years hasn't made things any easier. This was always an unusual resources conglomerate, with operations in water, minerals, and energy, but a corruption scandal, downturns in the market, and an inefficient corporate structure have made the situation even more challenging. Though I can see a viewpoint whereby these shares may be undervalued, I think the company is looking at some challenging end market conditions and a lot of internal heavy lifting - Layne Christensen is, I believe, getting better, but it's operating environment is getting worse.

A Few Bright Spots, But A Lot Of Challenges

This was not a great quarter for...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
WITH SEEKING ALPHA PRO, INVESTORS CAN ALSO:
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details