is this more betterer

Earlier this week, a respected poster wrote of one of my posts, that posts like mine give HC a bad name. Thus I will endeavour to atone for my ineptitudes.

I've posted this before, but for some time now, I turn off HC during trading hours, thus I posted a quick headline and logged out to refresh my memory on SWK and buy more.

So here are my reasons in more detail for buying more at higher prices:

Firstly, thou' I'm no T/A, my taking of the K-wave is that Commodities have another 10 good years in them. Remember thou' there are cycles within cycles.

Secondly, whilst some miners will make big money, and some will lose bigtime the service providers will continue to make profits if they are good at their work. Just recently I read that during the Alaskan gold rush, for every one miner that struck it rich, 5000 had to work more than 5 years just to pay for their fares. (Something like that). Meanwhile the spade sellers all made good money. Furthermore as the easy mining becomes deplete, miners are going deeper and deeper in their exploration. SWK have chosen to specialise predominately in underground drilling and are concentrating on profitable companies searching with brownfield exposure in order to eliminate risk in case of economic downturns.

Now to specifics: Rev up 9% on PCP and EBITDA up 14% on PCP. I see no reason why NPAT wont be up about 14% also. Thus with a PE of seven and NPAT of 14% gives a PEG of a low.5.

Plus with an increase of 10% more rigs in work, and a possible fall in expenses with better technology, all point to a significant re-rating IMO. And with debt near eliminated and buyback appearing to be suspended because of higher SP, I feel divvies are about to be increased.