Q: Good Morning Peter and Team,
I have been looking at a small company in the energy sector, Pulse Seismic (PSD-TSX). The financials look good and it appears to be reasonably priced. ROE is near 30% and they use some of their free cash flow to pay a dividend, pay down debt, and repurchase shares. Year to year results can be lumpy but they also look to be in an interesting niche. I would appreciate your opinion of this company's business model along with any other wisdom that you could share. Thank you, DL
I have been looking at a small company in the energy sector, Pulse Seismic (PSD-TSX). The financials look good and it appears to be reasonably priced. ROE is near 30% and they use some of their free cash flow to pay a dividend, pay down debt, and repurchase shares. Year to year results can be lumpy but they also look to be in an interesting niche. I would appreciate your opinion of this company's business model along with any other wisdom that you could share. Thank you, DL