Triple Your Money With Oversold T-3 Energy (TTES)
Contrarian Profits (October 30th, 2008) Writes:
T-3 Energy Services (NASDAQ:TTES) provides essential safety equipment for oil and gas rigs. Though drilling activity has been affected by the fall in commodity prices, Chris Mayer says the stock has been massively oversold. Today it is trading at $19, down from a high of $84 last year. Given its healthy cash flow and strong international growth outlook, Chris says a move back to $60 is on the cards.
This from The Rude Awakening:
The last time I recommended T-3 Energy Services (NASDAQ:TTES) to the subscribers of my investment letter, Capital & Crisis, the stock tripled over the ensuing months. And even after I issued a “Sell” recommendation on the stock, it continued to move higher. But that was WAY back in July…and nothing is like it used to be.
From a high of $84 a share in July of this year, the stock has come all
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