2024-03-11 15:53:41 ET
Summary
- Civeo Corp, a provider of accommodation services to the natural resources industry, remains significantly undervalued and is worthy of a 'strong buy' rating.
- The company ended the 2023 fiscal year with higher revenue, profits, and cash flow compared to the previous year.
- Guidance for 2024 indicates a decline in revenue and EBITDA, but the stock remains cheap, and the company has growth potential.
Ideally, investors should be completely emotionally detached from the stocks that are out there. The objective is to find a firm that makes for an appealing prospect and that does not factor in our own inherent biases. But the longer I invest, the more I have come to arrange a mental collection of favorite businesses. I do a great job of making sure this does not interfere with the decisions that I make when it comes to buying or selling the firms in question. Some of them, I even have rather bearish outlooks on. But one of the companies that is on this list that I am very bullish on is Civeo Corporation ( CVEO ). For those who don't know, Civeo provides accommodation services to the natural resources industry, mostly centered around those engaged in oil and gas production in Canada and those engaged in metallurgical coal extraction in Australia....
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Civeo Corp.: Shares Aren't Even Close To Being Fairly Valued