like what i see, keen for input

Hi all,

Having come across SWK and reading/watching/spreadsheeting myself to death - I like what I see about this company.

Management are heavily invested, stable, appear open and honest.

They have pretty quickly (<10 yrs) carved out a nice profitable and relatively stable niche - and appear to be good at what they do and really continuous improvement focussed. All great stuff.

But (and it is a big but) they are heavily invested in the success of gold mining, and the gold price is only going one way at present (despite some small assistance to Swick from falling AUD).

This will inevitably put ever increasing pressure on service suppliers - as evidenced by both recently announced margin reductions and decreased utilisation.

So - while I am thinking this stock is a winner long term, for the next 12 months things I am probably in 'watch and see' mode. Until the market situation clarifies &/or SWK get their drill improvements out to market.

Keen to understand the views of others and any aspects I may be missing here.

Cheers - M