Friday, December 17, 2010

Buying RES

I'm still bullish on RES (RPC Inc.) and just picked up more shares.

RES is setting up a nice reversal pattern with good symmetry in the indicators. Analyst opinions are lukewarm, but it's P/E is falling from 36 to 17 (based on last Friday's price), and earnings estimates are holding up well. That's with triple digit sales and earnings growth.

No comments:

Post a Comment