NINE - Not Time To Buy KLX Energy Services Holdings
I've had a number of conversations recently with smart, experienced stock pickers who own shares of KLX Energy Services (KLXE). They look at this stock and see a low valuation in a hated, cyclical industry with an extremely accomplished management team and see opportunity. I look at this stock and see terrible industry dynamics in a bad underlying business and see losses stretching out for years to come.
(The price of many micro-cap stocks swings wildly from high to low, and I expect at some point within the next year, KLXE's shares will go up