UFAB - oil drilling deck fabrication Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : UFAB - oil drilling deck fabrication

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeff Mills who wrote (53)	9/24/1997 8:13:00 PM
From: andrew r harwood	of 337

as someone who lives very close to unifab and who tried to participate in the ipo at this point in time it is overvalued.it is a fundementally sound but small company with excellent management though it is very dependent uponits ceo daily berard.the issue has been hyped in the local lafayette paper and a lot of the buying has been local due to the booming nature of the economy in lousiana right now especially in the oil patch.unifab is severely constrained by the lack of trained and experienced labor due to boom conditions.its further expansion is going to be dependent up[on dredging a channel to take 6000 ton rigs from its plant in new iberia this will take time.most experienced investors in the lafayette area believe it has got way ahead of itself and believe that it will become a buy at around 25$ .unifab is absolutely not worth 40 $ a share right now though it may reach that target again perhaps within a year and possibly longer.there are plenty of other companies in the oil patch which are not so overvalued including some more ipos which probably will not be so overhyped as unifab. arh

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next