DVR 怎么样？

Mike_Wan

Sector: Basic Material
Industry: Oil and Gas Equipment and Services
/ a9 H: Z0 A% d1 GFull-time Employee: 2,000

8 U0 P% G; u' h: ^ 公司业务
- N  |4 J7 i' [' b
* [- ~8 X: ]' i6 qCal Dive International, Inc., a marine contracting company, provides marine construction, diving, and offshore services to offshore oil and natural gas industry. The company offers manned diving, pipelay and pipe burial, platform installation, saturation, and platform salvage services, as well as construction, inspection, maintenance, and repair and decommissioning of offshore production and pipeline infrastructure. It primarily operates in the Gulf of Mexico Outer Continental Shelf, the northeastern U.S., Latin America, southeast Asia, Australia, the Middle East, India, and the Mediterranean. Cal Dive International provides its services to oil and natural gas producers, pipeline transmission companies, and offshore engineering and construction firms. As of December 31, 2008, it owned and operated a fleet of 31 vessels, including 21 surface and saturation diving support vessels, 6 pipelay/pipebury barges, 1 pipebury barge, 1 combination derrick/pipelay barge, and 2 derrick barges. The company was founded in 1975 and is headquartered in Houston, Texas.

Mike_Wan

一年和三个月的图形。

Mike_Wan

- r4 v+ ^0 L1 y2 M) _* i. O
十月底的下跌，好像和会计报表有关。
/ l- r9 r+ [5 F
  W. H. V8 L  b5 |2 {/ s5 hDVR 10 月 28 号发表 2009 年 Q3 报表，之前股价就跌，之后续跌。看不懂报表，不过，股价如此表现，应该是所谓的“业绩不如预期”。

Q3 报表，下面是在 YAHOO 上的链接。

http://finance.yahoo.com/news/Ca ... 5.html?x=0&.v=1

Mike_Wan

& C9 A% g& z! d7 V* G9 o1 M+ ]1 a
下面是 5 年图形。

Mike_Wan

9 {: X, a3 S3 ^: V( B" K- p# m. D
1 V3 ~3 Z+ s6 z那位给个参考意见？
" _# {1 ?, u, \) t( F/ o
( g" N0 |- R& U: D; w6 _财务报表上说，有 230 M 的债务，很可怕吗？

tfzh

I am not optimistic about DVR for two reasons:
1. IPO is in 3-5 years. Long term investors shouldn't touch this type of stocks as IPO stocks tend to underperforme in the next 3-5 years after IPO. This is well documented in finance literature.
2. Take a look at the firm's main business, do you think it possible that they have more business activities in Dec/Jan? Also consider the oil and gas prices, especially gas price, do you think oil/gas companies will expand their production offshore? I don't think so for the next couple of months.

/ `  O( y# x  ~8 N) s' ^I think DVR will be lower. The second quarter may be better. Just my personal view.

Mike_Wan

- \* Y5 D/ z: u9 W
6# tfzh
" a1 s/ \: v* z3 u: f

7 L2 T$ _9 }  `; f5 V' T2 UThanks for your advise.
# P2 S1 ~3 S8 l- L6 M, K( ^3 d
I am going for this stock partly because this company provides special services to the oil and gas industry, which has less competitions.
" }$ v/ c2 ^/ p& P! l3 X' m5 U
As for the weather factor, I don't think it matters. The company's main operation seems in the tropical and warm areas, not in the freezing cold areas.

Mike_Wan

从图形上看，经过 10 月底的大跌之后，我觉得股价会往上走。