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Re: spec machine post# 105487

Friday, 11/15/2013 1:47:21 PM

Friday, November 15, 2013 1:47:21 PM

Post# of 107353
Scooped up some more shares today. Bottom line to me is a) EPS of $0.15 for trailing 9 months, b) backlog is building, c) volume of bids/quotes is increasing, d) they're in a growing industry, e) financially healthy (positive EBITDA & 4.78 current ratio).

FY2013 EPS will probably be anywhere between $0.15 & $0.20. Using the average PEx ratio for Dril-Quip, Oceaneering, and FMC Technologies, which is 27x, DPDW PPS should be in the range of $4.00 to $5.40.

Very undervalued at the current PPS!