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

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To: Glenn Petersen who wrote (85324)1/25/2001 12:16:16 PM
From: The Ox  Read Replies (2) of 95453
 
Some KEG numbers:

Last 4 quaters:
REV EPS
158.5 -0.05
169.9 -0.01
191.7 0.08
203.9 0.11
Totals
724 0.13

Prev 4 qtrs:
104.9 -1.75
124.4 -0.24
149.9 -0.11
159.4 -0.07
538.6 -2.17

Revenue has increased 34% yoy (last 4qtrs compared to previous period). Quarterly eps has gone from -1.75 to 11 cents during the past 8 quarters with improvement being shown in every period. If this was a tech stock, the price would be in the high teens to low 20s, IMO. Using a 35% growth rate and the latest quarter as a reference (11 cents x 4qtrs) = 35 x .44 = $15.40. Seems to me that this is a fair value short term target. These numbers don't reflect all the issues that confront the company (debt, aging rigs, manpower shortages, etc...). I still believe that the market isn't giving this company it's proper credit.

BWDIK?

JMO,
mh
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