Now with the stock attempting to break above $22, its nice to see that a respected mutual fund manager is behind the stock. Bob Auer of the Auer Growth Fund looks for stocks with a 25% increase in earnings, a 20% increase in revenue, and ones that trade below 12 times earnings.
Surprised that he finds many stocks like that other than a rare bird like CJES.
Supposedly he grew $100K in 1986 to $34M by the end of 2007 by sticking to that strategy.
His comments on CJES via CNBC report:
5. C&J Energy Services [CJES 22.75 1.54 (+7.26%) ] is riding the oil-shale boom as a provider of a wide range of premium hydraulic fracturing services for oil-shale drillers.
The company has a market value of $1 billion and a forward P/E of 5.1.
Auer said the company has been in the business for at least 10 years and went public in June. "They have had eight consecutive quarters of year-over-year triple-digit sales and earnings growth."
Auer said analysts' consensus estimate is for 2011 sales of $784 million, growing to $1.2 billion in 2012, or up 55 percent, and earnings of $3.19 per share this year, growing to $4.24 per share in 2012.