TEAM picking up steam?

Discussion in 'Stocks' started by CaptainObvious, Apr 21, 2009.

  1. Two companies to watch are TEAM Industrial Services, TISI, and Furmanite Corp., FRM. Both provide the exact same services to the oil industry and power generation industry, and compete with each other directly. TEAM is still growing, though more slowly than previous years, and Furmanite is holding steady.
    Both have been beat down severely and may stay that way until oil comes back. That said, neither are going away, though FRM is rumored to be a take over target at these prices.
    As oil and utility companies come in to their outage and maintenance seasons both companies will show better profits than the last quarter.
    Just a heads up to put them on your watch list. Both are small cap and somewhat thinly traded.
  2. TEAM can't seem to bust through the 15 area, but if it holds up around 13 that's a good area to add. Shouldn't do much either way unless oil jumps.
    Furmanite is languishing around 4 and like TEAM won't do much until oil goes up.
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