Forgot to add that BLY made at least six strategic acquisitions before the abrupt downturn. Some of those acquisitions positioned BLY such that if there is a drilling job anywhere that requires Reverse Circulation (RC) drilling BLY will benefit either as provider of products or services or both. Some of BLY's competitors in drilling services division are customers of BLY's products division.
Apart from BLY picking up more drilling jobs ... when BLY's competitors pick up more drilling jobs BLY will get to sell more products.
BLY Price at posting:
$3.05 Sentiment: LT Buy Disclosure: Held
