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  • June 24, 2008 03:17 PM EDT by Brian Sullivan

    Today's "Stock You've Never Heard of"

    Three year revenue growth of 47.6% and three year EPS growth of 76.3%.    That's the story of the numbers at DXP Enterprises (DXPE).

    This 100 year old Houston-based distribution company is engaged in the unsexy areas of the oil and energy markets; the design, repair and sale of thousands of industrial products.   Things like salt water injection skids.    Their customers run the gamut of the energy business, with the largest customer being Shell.   Schlumberger and Chevron are also on the top 10 customer list.

    On the show I spoke with CEO David Little, who was surprising in his candor that oil prices are too high.   It's refreshing to hear a CEO of an oil-related company suggest that the very commodity that is helping drive his business is too pricey.   His rationale was that overly high prices hinder new production, hurting growth in DXP's markets.   The interview can be seen here.

    The stock made a huge run from 2004 when it was in the mid-single digits.  From $5 to over $50.   The momentum has slowed lately and shares are actually fractionally down in the past year.  

    There are 4 analysts covering the stock and the average rating is a "buy."

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ivan

I agree

June 30, 2008 at 10:02 am

ivan

hank you for your insightful opinion. I’m sure you gave it great thought and worked hard to overcome the intrinsically myopic viewpoint that percolates just below the surface of your dura mater. We all need to give your critical analysis considerable thought and lay to waste all our natural resources so that you can drive for miles to your nearest spectator sport and have a tailgating party.

June 30, 2008 at 9:57 am

Gee, your brilliant.

Dear Anthony Stamborski, Thank you for your insightful opinion. I'm sure you gave it great thought and worked hard to overcome the intrinsically myopic viewpoint that percolates just below the surface of your dura mater. We all need to give your critical analysis considerable thought and lay to waste all our natural resources so that you can drive for miles to your nearest spectator sport and have a tailgating party. Thank you again for making it clear that we have it all wrong and that we need to accommodate YOU - citizen of the world, purveyor of effusive brilliance, wisdom, and prognostic political analysis. Urra Putz

June 27, 2008 at 1:26 am

Anthony Stamborski

Brian, We can't expect change from congress if we keep voting for the same people. It's past time to elect politicians who actually want to help get the country out of the hole its in. Open up the off shore protected oil fields.

June 26, 2008 at 12:19 pm

about this blog

  • Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block. Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.

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