When you see a stock down 16% in just a few days, it's hard not to get excited; especially as a "steel stomach" investor that's able to look past the short-term pressures. Well today, we find ourselves bottom feeding in the "specialty" industrial space. In this case, we find ourselves looking at Team Inc. (TISI), an inspector and maintainer of pressurized piping. We see Team as a victim of an irrational market.
In truth, the company's lofty expectations helped create an unsustainable level of euphoria. As a result, investors have been taken to the cleaners on three occasions already this year, with the latest pushing the stock close to 52-week lows.
The first two large selloffs earlier...
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