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[QUOTE]Originally posted by cashmakers: [QB] RES is a strong buy here, 38% cut from its 52-weeks high is a signal for a buy. RES reports a strong earnings Wed and good guidance for 2006.RES is a very solid company with huge demand on its oilfield products. Compare to all other competitors, such as BJS, SLB, BHI, TTI, etc, RES has the second highest ROE 29.26%, slightly behind SLB. RES forward PE is only 16 and Profit Margin 14.2% and no debt. More importantly,Qtrly Earnings Growth 125.7% which is the highest in the oilfield industry. Maybe due to industry pull back and oil price retreat recently, RES's price tumble by 38% from its $35 high. But from yesterday's strong move of industry index, we can easly observe the rebounce. Especially today analysts updated BJS and SLB should fuel more confidence to this sector. I think this kind of cut only happen in Biotech or high tech. When you see this happen in oilfield industry, definately is a good entry point and you don't want to miss this great chance. No brainer here. RES to Present at the Enercom Oil Service Conference IV today, will give more guidance to investors. IBD ranks RES's technical to 95 (highest 99) gives me more confidence that RES will back up to its fair value which I believe is $28. [/QB][/QUOTE]
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