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: Tom L. French who wrote (3208)	11/19/1997 2:59:00 PM
From: HH	Read Replies (1) of 95453

To All; I have watched your post and I am very interested in learning more about this sector. I have seen many talk about a bottom or "bargain prices" etc. However, no where is there any mention of PE. For example the market cap of FGII reached over 1 billion USD. 10 times sales!!! PE of over 60 !!! Couldn't one conclude that momentum carried many stocks up beyond realistic valuations? HH

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