In a word, a bit light on revenue $170 vs $173M analyst, a bit higher on earnings $1.29 vs $1.26 analysts, nice margin increases, solid guidance and we're probably looking at $6.00+ on 2008 estimates so I will target a $160-$170 price in 12 months. From these levels thats not a huge gain, but 30% in a year never hurt anyone. Hopefully the market will push down this stock at some point (it gave us a nice entry at $120 just the other day) and get us a lower entry in the $100s or $110s to build the position. The stock has tacked on 30% since the August lows, so to ask for much more at this time is being greedy - it needs to rest up a bit.
Other than that its a solid hold; just a company quietly doing their thing and benefiting from the energy boom.
Long Core Laboratories in fund; no personal position
