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.
There is no denying, though, over the