Due to a bleak global economic outlook, oil has really taken a hit in recent months. When there is a lower demand for oil, then there is lower demand for the equipment and services necessary to extract it; so these companies are extremely sensitive to the price of oil.
But as such an essential commodity, people will continue to depend on oil for as long as it exists; and these equipment and services companies will remain vital to the industry and grow aggressively as oil prices rise again (over $90 at the time of this post)
If Warren Buffett has taught investors anything, it's this: Buy cheap. And by cheap I mean basement bottom prices, stocks at (or near) 52 week lows. One of the best times to buy a stock is when the market is unaware of its potential such as recently re-listed HIIT which is why I like this company.
When / if management follows through on their roll up strategy a tight float can turn into some serious legs in the market. & based on CEO Flemming's history of building businesses and successfully selling them I feel confident he is capable to close acquisitions and develop them.
"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink