Topic: How To Invest

Stock Pickers Digest Hotline – Friday, May 25, 2018

Article Excerpt

MCCOY GLOBAL INC., $1.35, symbol MCB on Toronto, sells power tongs and other hydraulic gear for oil and gas drilling rigs. (Power tongs are large wrench-like tools that tighten and loosen the pipe in a drill hole.) In the quarter ended March 31, 2018, McCoy’s revenue rose 10.1%, to $11.2 million from $10.2 million a year earlier. Improving market conditions prompted customers to expand drilling and to raise equipment purchases. Due to the higher sales, the company cut its loss to $2.0 million, or $0.02 a share, in the latest quarter. That’s compared to a loss of $3.6 million, or $0.13 a share. McCoy’s backlog now stands at $10.1 million—its highest since mid-2015. The company holds a high cash balance of $11.8 million, or $0.43 a share. It has no long-term debt and should profit as oil and gas activity further rebounds. OUR RECOMMENDATION: McCoy Global is a buy for aggressive investors. McCoy Global recent coverage April 2018 issue Hotline for November 17, 2017 CALIAN GROUP…