Bob Auer on C&J Energy Services
Anybody following this blog should know by now that C&J Energy Services (CJES) is one of our favorite stocks at Stone Fox Capital. As the stock dropped below $14 back in early October, we started thinking maybe our thesis was crazy. 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 va...