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: RGinPG who wrote (10448)	2/3/1998 12:14:00 PM
From: Czechsinthemail	Read Replies (1) of 95453

from Briefing.com: STOLT COMEX SEAWAY S.A. (SCSWF) 24 3/4 +3/4. Investors have become so accustomed to Stolt Comex reporting blowout numbers that it is hard to move the stock on the day of its earnings report. Last quarter the company surprised analysts 34% to the upside. In each of the three quarters before that Stolt beat forecasts by a minimum of 50%. This morning, the oilfield services company reported 4th qtr net of $0.28 a share, reversing a year-ago loss of $0.13 a share and exceeding the Zacks mean estimate by 13 cents, or 87%. Based on Wall Street's current fiscal year 1998 earnings estimate of $1.40 a share, SCSWF shares carry a P/E of 17.7, which is a substantial discount to its expected long-term growth rate of 35% per annum. Of course, SCSWF trades in the oilfield group, which means you better have a strong stomach and plenty of patience if you are considering making a play on this attractively valued stock.

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