CRR - Carbo Ceramics: One Step Away From 'Junk In The Hole' Status
Introduction
It's safe to say I have been one of the strongest proponents of Carbo Ceramics (CRR) over the last year and half. I have authored a number of articles extolling different aspects of their ceramic technology and why I thought each might be a driver to propel the stock. It's been a year now since I started following this stock, and little by little the thesis they were authored under has unraveled.
- An offshore, deepwater meaningful recovery remains elusive.
- They have not convinced shale players in any significant numbers to pay up