Santa Fe International (SDC) Message Board

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Gold/Mining/Energy : Santa Fe International (SDC)

SDC 0.01000

+5.3%

Jan 5 4:00 PM EST

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To: Czechsinthemail who wrote (22)	11/16/1997 10:05:00 PM
From: Bwe	of 54

First Call has the following: FY97 P/E est FY98 P/E est $1.91 25 $2.98 16 Growing at 50%, at a market multiple being placed on next years earnings, SDC looks mighty attractive to me. Half the company's rigs are up for contract renewal next year and 80% the following year. I'm sure the analyst's that follow the stock are being mighty conservative with their estimates on the dayrates SDC will be able to get for their rigs. This conservatism will ultimately lead toward upward earnings revisions as the renewal story unfolds IMO.

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