John Rogers Comments on Bristow Group Inc.

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Aug 03, 2016

Also, helicopter services company Bristow Group Inc. (BRS, Financial) returned - 39.41% due to uncertainty in its business. As you know, oil prices increased more than +25% over the course of the quarter—which marginally improves its business in the intermediate term. Yet the market reacted poorly to its quarterly earnings report: it earned $0.13 per share versus the consensus of $0.55. Plus, management declined to give guidance for its oil and gas segment. While earnings are temporarily constrained we think the long-term opportunity remains sound.

From John Rogers (Trades, Portfolio)' Ariel Fund second quarter 2016 commentary.