Hey Freeway Jane,
Shhhhh...don't tell everyone about DO. Let's accumulate all the cheap stock we can and then start asking the questions<vbg>!
Slider wants someone to make a call and I'll go on record for better or worse. Buy the offshore drillers! Take your pick, choose your 'sweet spot'. GLM, MRL, DO, RIG, FLC, NE, etc... By the time earnings are reported for this group, they will be significantly higher then they are today. We are still at the beginning of the major cap ex spending cycle. The bigs aren't dumping tons of money into the patch yet but they have started. It's my opinion that the offshore drilling group holds the lowest risk to reward ratio right now. Sure, there are smaller companies that will outperform this group but you may not sleep as well at night! For those looking for a blue chip in the patch, hard to pass on BHI at this price, especially if you have a long term horizon.
Now is the start of the 3rd quarter of 2000. The boom-boom-boom is growing louder everyday and there are still solid oppportunities available for great returns.
Of course, if someone sees it differently, I'm all ears, er...eyes!
Just my simple opinion...don't invest what you can't afford to lose!
Michael |
