6/10/24 - $mind - good beta on oil when need it, but no EPS 4 me6/10/24 - vrockstar - NASDAQ:MIND - defn not something i'd typically buy. tho i look at it all fam. earnings obsessed lol. this thing has all the makings of something we could defn put on our "would buy if oil starts to rip" bingo card. the financials continue to inch more positively. cash flow remains just inflecting - so it's hard to "really value" this thing. but the supplement to the actual industry (off shore drillers) remains an interesting proposition. don't love the preferred shares that are large and basically debt - don't think otherwise - and sit ahead of you in the capital stack. so there's a lot to dislike to just playing earnings at face value. but this is one where i'll do more work and jump into action once we start to see oil jump back to life - good high beta play perhaps into 2H+
