Earnings Preview: Lufkin Industries (LUFK)
SummaryLufkin Industries (Nasdaq: LUFK, Market Cap.: $1.1 billion) is an oil services stock that could move 50% higher by year end, with minimal downside risk. Importantly, the first catalyst for an improving share price may come next week when the company announces second quarter fiscal 2008 earnings. We believe that the upcoming report will finally be the start of renewed earnings momentum at the company after nearly two years of sluggish growth. Notably, LUFK is sitting on $100 million in cash and has no debt.
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