BOOM - DMC Global Sets Out To Outperform The Industry Blues
DMC Global Counts On The Perforating Gun System
DMC Global (BOOM) serves the energy, industrial, and infrastructure markets. Its products are used in perforating oil and gas wells, petrochemical processing, oil refining, and aluminum smelting facilities, and maintenance and retrofit projects at chemical processing. I think the stock can be an excellent long-run investment based on the market share gains in the perforating gun market. However, do not expect robust returns in the short term.
Despite the completions activity slowdown, the company continued to make inroads in Q2 due to its competitive advantage