Topic: How To Invest

Stock Pickers Digest Hotline – Friday, January 6, 2017

Article Excerpt

MCCOY GLOBAL, $2.02, symbol MCB on Toronto, manufactures and then sells, or rents, hydraulic gears. That includes power tongs for drilling rigs. (Power tongs are large wrench-like tools that tighten and loosen the pipe in the drill hole.) The company’s clients include both on-shore and offshore drillers. McCoy has now bought the assets of Texas-based 3PS Inc.; it’s a wholly owned subsidiary of PASON SYSTEMS, $19.48, symbol PSI on Toronto (see below). The purchase price, which includes the real estate of 3PS, is $6.1 million U.S. 3PS specializes in sensors, systems and services for heavy industry applications, including torque and tension sub technology. That technology is used to take measurements on long underground wells. 3PS will give McCoy an entry into more technology-based products. In addition, its major markets are in the U.S., which will help the company decrease its reliance on Canada. OUR RECOMMENDATION: McCoy Global is a buy for aggressive investors. McCoy Global recent coverage November 2016 issue August 2016 issue PASON SYSTEMS INC., $19.48, symbol…