Baker Hughes, Inc.
I just opened a long position in Baker Hughes, Inc. (NYSE: BHI) this morning for $69.40.
This Houston based company is a supplier of products and technology services and systems to the worldwide oil and natural gas industry, including products and services for drilling, formation evaluation, completion and production of oil and natural gas wells. It's showing a very healthy 27% profit margin and a relatively low multiple of 10, with a forecast of 15% growth in earnings in its next fiscal year.
This Houston based company is a supplier of products and technology services and systems to the worldwide oil and natural gas industry, including products and services for drilling, formation evaluation, completion and production of oil and natural gas wells. It's showing a very healthy 27% profit margin and a relatively low multiple of 10, with a forecast of 15% growth in earnings in its next fiscal year.
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