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Gold/Mining/Energy : UFAB - oil drilling deck fabrication
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To: Platter who wrote (172)12/1/1997 5:24:00 PM
From: andrew r harwood  Read Replies (2) of 337
 
unifab went down some more today on big volume as did all the oil service sector.i bought some more today for me and my little investement club.the broker that i deal with at morgan keegan in lafayette which was the brokerage house which handled the ipo and couldnt get me any shares of the ipo despite me having an account there wasnt very positive about unifab today,originally he had advised me to buy on the first day of trading when he couldnt get me any stock at 18 (it opened at 29).i take this as extremely bullish since in my general experience brokers at the large brokerage houses are nearly always wrong .apparently morgan keegan will be putting out a long term buy on unifab.
the bottom line is that unifab is a healthy company with no debt ,full order books for three years ,is expanding to lake charles ,will make a good profit this year and no insider selling as far as i know and now trading down at levels that i didnt think i would ever see again.a great time to buy if you ask me.i have no idea what the bottom will be but as soon as the cold weather hits and the price of gas goes up the oil service sector will shine again including unifab.it went up to far to fast and now its paying the price .anyway i am in for the long term and i will be amazed if its not higer than these levels a year from now .arh
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