Many of you have probably seen this teaser from Lous Navellier for his expensive Quantum Growth service — it’s for an oil services stock that’s priced at just a dollar, and he thinks it will have remarkable returns.
I’m on my sickbed today, so I’ll be briefer than usual …
“Earnings just hit 309%,
“Sales just jumped 126%,
“Oil prices will never be cheaper,
“Only one broker is following this fast mover, AND
“Wall Street is clearly looking the other way.”
The underlying argument is that oil is as low as it’s going to go, that we won’t all be in electric cars within the next decade, that oil will be shooting up over $50 faster than you think, in part because the dollar will fall, and this company will continue to have rapid earnings growth and big earnings surprises.
OK, so I said I’d be brief today: This is Boots and Coots (WEL), an old company that focuses on pressure control and related well services — they used to be a sort of “emergency reaction” company that came to fix blowouts, as I understand it, and they now provide more of a proactive prevention service.
Sorry to throw this back to y’all today — WEL is highly rated for growth by Navellier, they are very small ($100 million or so of market cap), and the one or two analysts who follow them tell us that the forward PE is down around 5 or 6.
If you know anything or want to ask anything about Boots and Coots (or oil more broadly), feel free to start chatting here — or this stock has also already been discussed in the forum, if you haven’t had a chance to look there.
And if you’d like to see what other people think of Navellier’s service, we have had one review submitted for Quantum Growth so far on the new reviews site — this may not be the fairest time to start such a reviews site, since many recent subscribers to most newsletters are likely to be a touch bitter about the past year’s performance, but we do what we can.
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