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Basic Energy Services (BAS): Q2 EPS of $0.36 misses by $0.06. Revenue of $361.5M (0% Y/Y) misses...

Basic Energy Services (BAS): Q2 EPS of $0.36 misses by $0.06. Revenue of $361.5M (0% Y/Y) misses by $1.82M. Shares -0.9% AH. (PR)
Comments (5)
  • TruffelPig
    , contributor
    Comments (4060) | Send Message
     
    Considering that the stock dropped from >$20 to $10 now recently this is still a very respectable result. The P/E is about 5-6 right now. The company was upgraded today by GS from sell to conviction buy.
    26 Jul 2012, 08:52 PM Reply Like
  • barcaboyvn
    , contributor
    Comments (275) | Send Message
     
    Got to look at the balance sheet to see how much debt they have! Can't compete with MDR or CJES
    26 Jul 2012, 09:10 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4060) | Send Message
     
    Don't know details on MDR but I do like CJES. I just think BAS has more upside from current share price than CJES. With respect to long-term debt you have a point.
    26 Jul 2012, 10:12 PM Reply Like
  • ungawah
    , contributor
    Comments (896) | Send Message
     
    Hmmm, the SA e-mail said BAS missed by $0.42. Much worse than 6ยข. BAS had already warned that they were going to miss, so not much damage to share price.
    26 Jul 2012, 10:22 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4060) | Send Message
     
    Complete report: http://on.mktw.net/SXbEr0
    27 Jul 2012, 07:52 AM Reply Like
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