HIIT

[dan_s]

Had a strong day, up 22%. I really like this puppy's management team.

[gjames]

Dan,
Thanks for the heads up on this one several weeks ago. I bit off a large chunk in the mid to high 20s. Could still disappoint, but revenue growth has been impressive!

[gjames]

Any idea what's behind the big move this week?

[dan_s]

Not sure why the big move this week. Maybe a lot of EPG members buying.

HIIT has a strong management team. Should be profitable in 2014.

[gjames]

looks poised for another move to the upside...............any feedback from their LD micro presentation?

[gjames]

Dan:
Do you have any thoughts re. the Seeking Alpha piece earlier this week on HIIT?

http://seekingalpha.com/article/1921161 ... urce=yahoo

[dan_s]

Hard to tell why that article was written. Anyone can submit an article to Seeking Alpha, so take that with a grain of salt. Some authors have an agenda.
> The part about HIIT having a lot of competition makes me say "no dah". There is lots of competition for oilfield service firms.
> The statement that most E&P companies have people who do with AES does is total BS. They do not.

I do like Matt and his team. I think they will be profitable this year.
Did the stock price get a bit ahead of itself? Probably, that can happen with micro-caps.

HIIT is on my Watch List and I will take a hard look at it after they release Q4 results. Today, I really don't have a way to value the shares.

[gjames]

Thanks Dan! I do take most things on Seeking Alpha with a huge grain of salt. Comparing a young, rapidly growing micro cap to established mid and large cap service firms is a joke. My only concern is the questions he/she raised about management's background.

[gjames]

Time to throw this one back up on the board.................interesting action today..................

[gjames]

Dan:
Re. the profile you sent out this morning, any idea how much (if any) of their $6.5 million Q1 revenues came from frac water recycling? They announced licensing of the technology on Feb 6th. Wondering if this new service made any meaningful contribution to Q1 revenue, or if we need to wait for Q2 results to see any impact?
thanks
gj

[dan_s]

I doubt much of the Q1 revenue came from water recycling, but I think most of their revenues do come from the water division.

Matt Flemming will be our speaker at the June 26 luncheon in Houston.

[gjames]

http://finance.yahoo.com/news/hii-techn ... 00622.html

[dan_s]

This is very good news. I know those guys. They are a good IR firm. HIIT would only hire these guys if they believe the outlook is good. I am eager to hear what Matt Flemming has to say at our luncheon in June.

[gjames]

http://finance.yahoo.com/news/hii-techn ... 00585.html

[gjames]

http://www.brileyconference.com/2014/re ... icker=hiit