interesting read in tonight's eureka report from an OC funds...

interesting read in tonight's eureka report from an OC funds management minion (holder of the stock) giving the general thumbs up all round on Swick. Reckon the bottom is in and it's good times from here on in. I'd post but copyright forbids.
highlights: debt down, rig utilisation at pre gfc levels, they're building the margins, order book looking good, 2013 appears really promising, they are in the right areas and have excellent customers.
now some of these things are already known from today's announcement but the hard thing for us punters is getting a handle on management.
OC said they'd met several times with SWK, but the last meeting in December had them coming away, if not wringing their hands with metaphorical glee, but at least damned optimistic that SWK had put the dark days of the GFC (which they went in to with way too much debt - at least they weren't robinson crusoe, but at least they came out still standing)

although it's not my favourite pick and shovel I might pick up a few more.

cheers
cat lady