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Turnaround at Oyo Geospace?

Last week at my CAPS blog, I noted that Oyo Geospace is showing some early signs of recovery:

Earlier this week, OYO Geospace (NASD: OYOG) reported that they have recently received several orders for seismic equipment totaling more than $18 million. These orders span a variety of seismic products including geophone and hydrophone sensors, cables, GSR units, and borehole products. The company also recently announced an order for one of the GSR systems, their new wireless data acquisition system. The company notes that their backlog has increased substantially in recent weeks, with the majority of the orders to be delivered during the fourth quarter of 2009.



Disclosure: No position in Oyo Geospace

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    This entry was posted on Tuesday, September 15th, 2009 at 5:29 am and is filed under Oyo Geospace. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

    3 Responses to “Turnaround at Oyo Geospace?”

    1. Poetic Portfolios » Blog Archive » Investors May Be Paying Too Much for Oyo Geospace’s Potential Says:
      January 19th, 2010 at 5:20 am

      [...] and fall I noted that Oyo Geospace (OYOG) was getting their balance sheet in order and that a turnaround may be on its way for the company as oil prices have risen. I didn’t expect their earnings to show any [...]

    2. Are Investors Paying Too Much for Oyo Geospace’s Potential? | Stocks and Sectors Says:
      January 19th, 2010 at 8:47 pm

      [...] summer and fall I noted that Oyo Geospace (OYOG) was getting its balance sheet in order and that a turnaround may be on its way for the company as oil prices have risen. I didn’t expect its earnings to show any [...]

    3. Transcripts : Are Investors Paying Too Much for Oyo Geospace's Potential? Says:
      January 20th, 2010 at 8:45 pm

      [...] summer and fall I noted that Oyo Geospace (OYOG) was getting its balance sheet in order and that a turnaround may be on its way for the company as oil prices have risen. I didn’t expect its earnings to show any [...]