Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: upanddown who wrote (50645)	9/9/1999 12:55:00 AM
From: SliderOnTheBlack	Read Replies (7) of 95453

<Another question to consider with FGI/HLX is relative value. > John; in all due respect - the one valuation metric that one can 'not' use on companies with dramatically declining backlogs - is anything based on trailing 12 mos... (HMAR would be the valuation champ!)HLX's sales multiple is offset by its low margins etc. I think that the entire story for the next 12 mos. is FGI must get some major offshore rig orders - period. This stock will get more short interest (and they will not be hedging shorts) as the backlog gets worked off month, by month... I'd be curious as to their 'bid' activity - another good question for Big Dog in the FGI profile... OK; you guys keep bitching & moaning about all the E&P talk here.... here's a freebie: MDR Does anyone else know another company with $10-11 per share in cash, selling for $20 !!!! - nearly 50% of shareprice in cash on hand ! --- this is a Buffetesque play here - and a real sleeper folks... MDR ! worth a look for you that are not 110% in E&P's (VBG)... John; this one sells for .45 x sales - and has cash piling to the rafters. biz.yahoo.com ---> for the basics Anyone remember the excellent article from theStreet.com on MDR earlier this year ? For anyone wanting a stock with Zero risk of BK - having a sterling balance sheet - loaded with cash - excellent fundamental valuation metrics - and is near 1/2 of prior highs from the last upswing... look no farther than MDR ! ....PS; shame, shame, shame for you OSX fans letting some little ole' nickel & dime micro cap E&P hypster having to drag this under your noses for the sniff test.... MDR looks like a must own - in ANY driller/service portfolio. fwiw; I own neither FGI HLX MDR - nor have I in months, nor will I anytime soon - I still see far superior fundamentals for near and midterm upside in the E&P sector. I merely was looking for future plays - and this one stopped me in my tracks. yes; I actually stumbled upon a no-brainer in the driller/service arena. I really like this one. Anyone else following this closely ? - I merely did a quick scan - no detailed research. PS; Got MEXP ?

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