Comments for GDP - Stockpickr! Your Source for Stock Ideas

Comments for GDP

Added By	Comments	Type	Date Added
High Dividends	9.8	Love	August 02, 2009
richardthax	catchy name	Love	July 10, 2008
TNDeWald	Great ng play	Love	May 26, 2008
sarah z	Insider purchases can often be viewed as people inside the company seeing value in their own stock. Goodrich Petroleum is one such company that has recently seen some active insider purchases. Director Josiah Austin bought 270,000 shares of the company in December for a price range of between $22.54 and $23.50. CEO Walter Goodrich purchased 10,900 shares for a price range of $22.49-$23.86. COO Robert Turnham also bought shares last month. And while the insider purchases caught my attention, there are other reasons to like this company. The company reported 14% sequential growth and 40% annualized growth in average net production volumes to 46,500 Mcf per day for the third quarter. Cash flows climbed 71% from last year's levels to $19.2 million. However, Goodrich recorded a net loss of $23.7 million, or 0.94 cents per basic share, as compared to a net income of $6.7 million, or 27 cents per basic share, in the year-ago quarter. The company plunged to the black due to $14.8 million of non-cash adjustments to deferred tax asset. In early December, the company offered an additional 5.8-million-share public offering, generating net proceeds of about $145.4 million. Goodrich plans to use most of the proceeds to repay debt. The company has been actively implementing cost controls, while increasing its production, which will likely boost earnings. Analyst Ellen Hannan of Bear Stearns issued an outperform rating on the company, but reduced the price target to $34. Hannan said in a note to clients that "a continued ramp up in production volumes, coupled with declining costs, could support a higher price objective beyond year-end 2008."	Love	January 23, 2008
prose92030	Goodrich Pet.	Love	June 08, 2007
stockerblog	9.6, 42.91%	Love	June 02, 2007
Barrons	A Boardmember of the company has recently purchased 10,000 shares or $315,200 worth of stock.	Love	April 28, 2007
talltxin	i picked it for the portfiolio challenge	Love	March 16, 2007
Earl Barnard	smaller oil	Love	January 09, 2007