Industry: Basic Materials
Success Rate: 67%
Average Return: 32%
Noteworthy recommendation: Fairmount Santrol (FMSA)
With Randhawa’s buy recommendation for Fairmount on 9 March, 2016, he made a whopping profit of 207% in three months. Ohio-based Fairmount provides sand products to oil and gas companies to enhance their well productivity.
However, Randhawa downgraded Fairmount to sell in June and has reiterated his sell rating twice. Although FMSA shares did rally at the end of the year, analysts are concerned about the ratio of FMSA’s debt load to its market cap.