I added some shares of Sharps Compliance (SMED) earlier this quarter. The company provides disposal solutions for medical waste. Trailing earnings look great for the company, but this is largely due to a front-loaded government contract. The real question is whether or not the company can add additional contracts to maintain their momentum. (more…)
I’ve had Diana Shipping (DSX) on my radar for a while. I’m taking a closer look today after they announced fourth quarter earnings. The company reported net income for the year of $121 million, and they have a market cap of about $1.1 billion. One could argue that they are at the depths of the market for shipping, and the company is priced at 9x earnings. (more…)
About a month ago, I wondered if a turnaround was on the way at Dawson Geophysical (DWSN). I even noted that:
Adding just two crews in a rising market could bring $55 million in revenues and $12 million in owner earnings per quarter (excludes depreciation). Even at 10 times $48 million in annual cash flow, shares could rise to $60 per share.
When Dawson announced earnings a few weeks ago, they indeed noted that demand has turned and that they added two crews. (more…)
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