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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Frank who wrote (64388)4/12/2000 5:21:00 PM
From: jbe  Read Replies (1) of 95453
 
Why does GW seem stuck? Could it be because its financial state, which you say has improved, is still parlous? Here are some thoughts on the subject, which I posted here a few weeks back:

Are there any buy-and-holders out there? If so, seems to me there is some reason to worry about the fundamentals of some of the oil service stocks (most conspicuously, Grey Wolf). Thanks to the drubbing they took over the past several years, such firms are in real financial trouble: negative cashflow, high debt, and/or negative (!) interest coverage.

Take a look at GW. With a price/cashflow ratio of -103.2 (!), a debt/equity ratio of 199.7, and interest coverage of -1.4, no wonder Grey Wolf is doing what it can to keep another sort of wolf from the door!......
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