Steven Reiman
Long/short equity, value, research analyst, small-cap

SAExploration Holdings: Buy On Recent Weakness For Potential 50%+ Return

(Authors note: This article was written before the stock price spike on 11/21 most likely attributable to Eric Rosenfeld's additional open market purchases. While this will change the valuation section slightly, the fundamental undervaluation thesis remains)

Like many on Seekingalpha, SAExploration Holdings (NASDAQ:SAEX) (referred to as SAExploration for the balance of this article) was originally brought to my attention by the fantastic SA contributor Mike Winston in June 2013. The company has been on my watch list over the past 6 months, with my interest significantly growing over the past month due to the punishment inflicted upon the company by Mr. Market for a series of operational issues and subsequent financial losses in the third quarter.


Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"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
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details