DWSN- This seismic OG service company reported 56c in earnings, but because they missed anal-ysts estimates by 2c, the SP is down 12%. Only two analysts cover the stock and they predicted 53c and 63c. Lots of variance but still because it missed, the stock is taking a hit. This is a good example of a stock that should be sold before earnings and bought back after. DWSN also noted increased depreciation expenses. I figure that cost them about 10c in after tax earnings. Also some other downtime not related to demand which remains high. Outlook is very strong, this is from the PR:
. Decker Dawson, Chairman of the Board, said: "Demand for the Company's services continues at record levels with a current order book reflecting commitments through the end of calendar 2006, with several of the crews booked well into calendar 2007. The Company's data processing operations also continued to show significant improvement during the third quarter of 2006 due to increased visibility of our Houston operation and quality performance."