Cute ticker aside, Dynamic Materials (NASDASQ:BOOM) could indeed put a boom into any energy portfolio.
The firm is one of the only companies to provide “explosion welding” to the oil and gas industry. The intense pressures of drilling, refining and gathering energy, requires intensely made equipment. BOOM uses its proprietary techniques to weld a variety of pieces in the energy value chain. The explosion weld fuses the pieces of metal together — including metals that can’t normally be arc welded — into one solid piece.
Dynamic Materials also provides various explosives to oil field operators for pipe recovery, well-plugging and seismic applications, and it has a more traditional welding-for-hire service.
BOOM is virtually unknown to most investors and can currently be had for a P/E of 17 and a 1% dividend.