While cruising the NYSE's top gainers this week, I spotted not one, but two, chopper stocks. No, not like the customized Harley-Davidson
First up is Bristow Group
The company finds itself in disfavor thanks to fraudulent practices in its past. However, management has been overhauled, and there's reason to believe that the company has begun to regain investors' trust. Tuesday's earnings results should help that reconciliation along. Annual gross revenues from helicopter services rose nearly 17% on 3% more flight hours, reflecting a strong pricing environment. Record quarterly revenues and operating profit seem to have caught quite a lot of folks flatfooted today. The company sees strong demand ahead and is embarking on a significant fleet expansion. Fortunately, its balance sheet looks strong enough to support this move.
The coattail rider is rival CHC Helicopter
There are a lot of ways to invest in the strong fundamentals of the offshore industry. I'm not sure helicopters is the best way to do it when there are strong, better diversified, global operators out there like Schlumberger