Strictly: Drilling and oil-field services Message Board

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

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To: Brown Bear who wrote (1760)	10/2/1997 8:15:00 PM
From: clark	of 95453

Hi Hermanshu. The last time I researched GLM, its price was at 34 3/16 with trailing twelve month earnings of $1.05 producing a ttm P/E of 32.6. The difference between your 19 and 32.6 is probably due to either non-adjusted earnings for a split or extraordinary earnings that is normally subtracted out - I'm not really certain. But, this highlights one of the problems with investing and that is obtaining reliable data. I have found grossly unreliable data in many sites (Yahoo, S&P, Schwab, WSJ....) - very aggravating. The more reliable sources that I have found are 1st Call and SEC filings. For instance, EVI at first glance on many screens is a screaming bargain (P/E low 20's), but subtracting out their one qtr extraordinary earnings (sale of their Mallard division) their P/E becomes around 54 (last time calculated) and the WSJ had it at P/E of 80. The bottom line is that GLM is in-line with the rest of the sector. This quarter's earnings should be an exciting time for this sector. Good luck.

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