AREX - CARBO Ceramics: Failure Is Not An Option
The recent sales and EBITDA setbacks have the market scared about the future of CARBO Ceramics (CRR). The fact is that the company has a strong working capital balance, a fair amount of current assets that management is orderly liquidating and other assets to sell in order to maintain the current strategy of making the company less dependent upon the oil and gas industry. In the meantime, the new products appear to be slowly gaining customers in the industry.
The ceramic proppant business dried up in the 2015 oil price crash and has