Keeping It Simple

[eastunder]

Basic Energy Services (BAS) Nyse: Oil&gas- field services

As of 2-15-12

BAS Fundamentals

Year    EPS      Price                 
 (dec)   ($)      High low                 
 2004     .38               
 2005    1.32      22   19          
 2006    2.60      38   19            
 2007    2.14      28   18          
 2008    2.00      32    7          
 2009   -2.13      15    5           
 2010   -1.14      17    7     
 2011    1.93      est  n/a   
 2012    2.56      est +33% 

MKT Cap $795.9 M
Shares 42.5m
Book Value X2.59
Inventory T/O 44.79X
U/D vol ratio .8
P/E 15(1.1 X SP)
Cash Flow $2.30
Debt 157%
R&D na
Alpha .07
Beta 2.21

Ownership
MGMT 6%
Banks 0%
Funds 40%

No. Of funds increased
Dec 10 225
Mar 11 263
Jun 11 290
Sep 11 290

 Q          EPS ($)        % chg    Sales($ MIL)           % chg         
 Dec 09      -.61          na       128.1               -48%   
 Mar 10      -.54          na       143.0               - 8%   
 Jun 10      -.31          na       175.1               +47%   
 Sep 10      -.23          na       197.3               +58%   
 Dec 10      -.05          na       212.9               +66%   
 Mar 11       .20         +137%     246.1               +72% 
 Jun 11       .45         +245%     296.9               +70% 
 Sep 11       .66         +387%     346.0               +75%

accelerated earnings and sales: last 8Q's: off of lows into positive territory 2011 (indicative of a turn around?)

Reports next Q 2-21-12 AMC: