Mitcham Industries (MIND)

dan_s · Post by **dan_s** » Fri Dec 13, 2013 9:59 pm

Mitcham Industries, Inc. (MIND): An updated profile has been posted under the Watch List Tab.

After a great 1st quarter, the 2nd & 3rd quarters have come in below my forecast. The company is still rock solid and there are signs of improvement. I have lowered my Fair Value Estimate to $17.40.

MIND's business is very seasonal. Q4 and Q1 are the best of the year, so there is no reason to sell now. However, I do think we have a lot of better ideas in the Small-Cap Growth Portfolio.