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

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To: Michael Berkel who wrote (1960)10/11/1997 3:25:00 AM
From: The Jedi   of 95453
 
Michael I tried to go to the link and could not get the PE's you posted.

But from a different source (Daily Graphs) I get PE of TDW as 23 of GLM as 34
BHI as 28. So actually TDW is only 21% undervalued, GLM is 17% overvalued and BHI is as you say. This is based on the multiples of the industry you mentioned (which I could not confirm from Daily Graph).

I would not put much to PE ratios and valuations or discounts based on them. I would put faith on PEG. PE to Growth Ratio.

GLM - Growth Rate - n/a so cannot provide PEG
TDW - GR 58% so PEG - 23/58 = 0.48
BHI - GR 42% so PEG - 28/42 = 0.66

Now these are numbers I like. These are growth rates from Daily Graphs and may not be long-term GR and thus PEG could be wrong. But thanks for pointing out the 3

Kiri
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