boots and coots, being a well management company (oil wells) has a great business model to weather the storm of todays bear market. it's services are more highly sought after as oil demand rises. they are in charge of maintaining and controlling oil wells, which involves fire prevention, etc. they have experienced enormous growth in the past couple of years and their estimated price by analysts was raised to 3.25
Some additional calculations; calculating on the current P/E of the company as well as analysts ratings, the stock could very well hit 3.58 at years end.
Accounting for next years estimates and the P/E, the stock may very well hit 4.29
these are on the high-end of the spectrum, but nevertheless are calculated with the formula of multiplying P/E by projected earnings
$2.01 (09/18/08)
