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

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To: JungleInvestor who wrote (77836)11/3/2000 4:20:56 PM
From: jim_p  Read Replies (4) of 95453
 
TLM now selling at 1.8 times 2000 estimated cash flow with three quarters reported, only three companies selling cheaper, AXAS, MEXP and KCS.

Hard to believe.

Production up 36.90%

Leverage 30%

Market cap over 4 billion.

Analyst rating at 1.09 (Strong Buy).

We should pool all of our capital here on SI, buy the stock, sell half the assets and keep the other half for our efforts. About a 4 billion profit give or take a billion.

On the other hand, we could hedge all the production for two years, stop all cap-x, let the company pay for itself over a two year period and keep all the assets. About a 5-6 billion profit.

We only need about a billion dollars to get the ball rolling for a very short time period?

Any takers?

Jim
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