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PFIE - Profire: A Trade-Off Between Financial Shrinkage And Balance Sheet Strength
Profire Energy Inc.
Profire Has Limited Upside
In the short term, Profire's (PFIE) business prospects in the U.S. and Canada will suffer due to the steep fall in E&P activity and energy production. In response, the company is trying to leverage business relations in Saudi Arabia and Latin America, while new growth areas - India, Australia, New Zealand - would help mitigate the slowdown partially. I also think the company's acquisitions of Millstream Energy Products and Midflow Services will strengthen its operations and improve margin in the long term.