Roger Montgomery gave Miclyn (MIO) a big plug in the latest Eureka Report:
"A key driver of profitability for MIO is the level of utilisation of its fleet of vessels, and in this regard, the foreseeable future looks bright, due to an apparent mismatch between the likely level of demand and the available capacity in the global offshore vessel fleet (OSVs)."
"if my assessment of supply and demand dynamics is correct, earnings forecasts may need to be revised upwards as the year progresses."
Read more at EurekaReport: http://www.eurekareport.com.au/article/2012/9/18/value-investing/buoyant-prospects-energy#ixzz26xoz7RAw
Read more at EurekaReport: http://www.eurekareport.com.au/article/2012/9/18/value-investing/buoyant-prospects-energy#ixzz26xoXQAEM
