C&J Energy So Cheap It Could Buy Itself
By Tim Ayles: It is unusual that I would spend so much time writing about one company like I have over my past three articles. I look at hundreds of balance sheets and cash flow statements in hopes of finding that always elusive diamond in the rough, so writing about one stock three times is unique for me. Yet I remain perplexed at the value the market continues to offer their shares of C&J Energy Services (CJES), and therefore want to reveal it yet again to those patient enough to wait for fair value.C&J Energy is a pure play company in a highly debated industry: Hydraulic fracturing. My gut tells me this is one reason the stock remains below fair value and seems to trade like a lead balloon. Also - the short interest in the stock has steadily risen to around 20% of the outstanding shares. My guess is those shortsComplete Story »
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