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Market Cap: $248.3 million
Mitcham Industries(MIND) specializes in seismic oil and gas equipment sales and leasing. When I had the opportunity to talk to the CEO and President Billy Mitcham several years ago, I found him to be very knowledgeable and forthright.
The company, after having a difficult year in 2010, rebounded in 2011 and is expected to drive earnings to record levels in 2012 and 2013. The seismic or geophysical oil and gas equipment industry is highly specialized and growing.
Recently, the stock has been moving higher on strong levels of trading volume, but it has pulled back after making a new all-time high price of $26.76 in the last month. I think the pullback in the price of this stock creates a buying opportunity.
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