Monday, May 12, 2014

Seeking Alpha: Dril-Quip Not So Cheap And Market Positioning Is A Question

This has been a weird stretch for energy equipment companies like Cameron (CAM), FMC Technologies (FTI), and Dril-Quip (DRQ) as investors reconcile the long-term offshore opportunities with short-term order volatility and periodic questions about the companies' ability to profitably manufacture and deliver those orders. Dril-Quip has proven itself over the long term as a high-quality operator, but I do have some concerns about whether the company is well-positioned for the short term. Combined with a valuation that doesn't strike me as particularly cheap, I can't work up a lot of enthusiasm for this stock.

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Dril-Quip Not So Cheap And Market Positioning Is A Question

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