Global Santa Fe (GSF) (formerly Global Marine) Message Board

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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine)

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To: Dennis Roth who wrote (2274)	8/13/2005 12:25:19 PM
From: Elmer Flugum	of 2282

S & P has a $55.00 12 month price target. "Assuming a 12.5X multiple on our estimate of forward EBITDA, in line with GSF's historical average, and blending with our price to cash flow and net asset valuations, yields our 12 month target price of $55.00." Argus Research has a $60.00 12 month price target. "We are raising our target price on BUY-rated Global SanteFe by $8.00 to $60.00. We are also raising our 2005 EPS estimate by $0.15 to $1.65 and our 2006 estimate by $0.50 to $3.10. The shares have dramatic appreciation potential , inour opinion."

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