Carbo Ceramics: The Future Of Proppant Still Looks Good

2015-08-03

Summary

  • The Proppant Industry has sales in the billions and bigger years are on the way.
  • Carbo Ceramics has a software division, consulting divisions, and the proppant division. It's the total package for its part of the industry and far more than a proppant company.
  • The three broad categories of proppant are sand, resin coated sand, and ceramic proppant. Within each of these categories are many subdivisions by specialty.
  • Carbo Ceramics stock price is at roughly 20% of its high a little more than a year ago, and the company has no long term debt.
  • While Carbo Ceramics is a relatively small player in the industry, it has developed several highly profitable divisions that fill needed services and can lead the company to greater profitability.

The complete version of the article: seekingalpha.com

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