With Pete Miller Behind it, Distribution NOW Needs to Be on Your Radar

If you are a fan of National Oilwell Varco (NYSE: NOV  ) , then you are going to love its new spin-off Distribution NOW (NYSE: DNOW  ) . Not only do investors get a truly unique investing opportunity in the oil and gas space, it will be under the guidance of NOV's former CEO Pete Miller who oversaw the transformation of NOV into the ubiquitous oilfield equipment manufacturer it is today. While it may not be a high margin opportunity as other oil services companies, but the opportunity that lies ahead more than makes up for it.

Find out why energy bureau chief Joel South and contributor Tyler Crowe find Distribution NOW to be something worth putting on an investors radar screen by tuning into the video below.

Warren Buffett just bought nearly 9 million shares of this company
Imagine a company that rents a very specific and valuable piece of machinery for $41,000 per hour (That's almost as much as the average American makes in a year!). And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report details this company that already has over 50% market share. Just click HERE to discover more about this industry-leading stock... and join Buffett in his quest for a veritable landslide of profits!


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  • Report this Comment On June 07, 2014, at 12:32 AM, TDRH wrote:

    Will not short or bet against Pete, but the business is not sustainainable on the international stage without OEM spares. If the distribution group loses the 15-20% gravy margin they are lost and cannot sustain the global footprint that makes them attractive. They are a retail business with no infrastructure or interest in investing in a value add for differentiation. Their attempts for contracted procurement services have failed/been displaced after nearly every attempt.

    That said I still will not short the stock as long as Pete is involved. The picture/outlook could change quickly.

  • Report this Comment On June 11, 2014, at 12:30 PM, bricklayerllc wrote:

    When should we expect a dividend from DNOW??

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Tyler Crowe

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Related Tickers

8/28/2015 4:01 PM
DNOW $16.34 Up +0.19 +1.18%
NOW Inc. CAPS Rating: ***
NOV $41.65 Up +0.29 +0.70%
National Oilwell V… CAPS Rating: *****