Natural Gas Services Group, Inc.
Thursday, June 3, 2 pm Eastern: 15.39
Friday, June 11, close: 16.47
Candlestick analysis: "Hold" on buy at 15.36, June 10 (American Bulls)
Summary: Growth wasn't just negative for NGS the past year. It was monstrously ugly at -42% (revenue) and -64% (earnings). On the other hand, with just $6.4 million of debt versus $21.6 million of cash, NGS is the little natty gas that could, not to mention a float of just 10.9 million
What I had to do was to find stocks that would be hoisted up because they stirred people's imagination for the future. ... I was not interested in the company's individual products, whether it was metals for rockets, solid fuel, or advanced electronic equipment. In fact, I did not want to know what they made—that information might only inhibit me. I did not care what the company's products were, any more than I was influenced by the fact that the board chairman had a beautiful wife. But I did want to know whether the company belonged to a new vigorous infant industry and whether it be haved in the market according to my requirements.
This, of course, was directly against the advice of many financial writers with conservative backgrounds who have been pounding into investors for generations that they must study company reports and balance sheets, find out all they can about a stock's background, in order to make a wise investment. I decided that was not for me. All a company report and balance sheet can tell you is the past and the present. They cannot tell the future. And it was for this I had to project my plans.