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Some Thoughts on Lufkin
Rating: 2.50 (2 votes)
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LUFK is a stock to watch with a bright future. It has traded this year between 51 and 85 and is currently in the high 70's. The p/e is 16. Lufkin manufactures oil field pumping units and power transmission products. It also was involved in production of highway trailers, but is exiting this business this year. The mainstay is the oil field supply and the growth portion is the power transmission. I have been watching the company for months and waiting for a pullback. I think we'll see one shortly when oil pulls back after the Saudi's increase oil production by 500,000 barrels next month. The market tends to punish good companies when sector rotation occurs so I'm looking to pick up this good growth stock closer to 70 and enjoy its eventual rise to 95. | ||
Comments (1)
Congratulations Becky! You are one of the finalists for the Strategy Lab Open, but we have been unable to reach you. If you see this comment, please send an email to jamie@investorplaceblogs.com with your contact information. We must interview you by Tuesday, July 22, 2008 in order for you to remain eligible to win the Strategy Lab Open.
Posted by Hillary Mark | July 17, 2008 11:47 AM