Coverage on Twin Disk Incorporated (TWIN) Initiated by NEAA VR with a Strong Buy Recommendation
10.24.11 from NEAA Venture Research
Clay Mahaffey, CFA, Research Director of NEAA Venture Research commented on the Twin Disk Initiation report saying ”I expect continued growth primarily from the hydraulic fracturing segment which uses the company’s hydraulic pumps as the back bone of the fracturing process in horizontally drilled wells. They’re introducing a new product, the 7500 Series, which has a smaller footprint which is beneficial on smaller roads in Pennsylvania and the Marcellus Shale area. In addition the move to more fracturing sections per well, plus longer laterals is very positive for the company.” The $50 price target is based on a P/E multiple of 18 and 2012 FY EPS estimate of $2.84/share. In order to download your free report on TWIN please go to www.neaaventure.com .