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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Thean who wrote (10580)2/4/1998 4:16:00 PM
From: Big Dog  Read Replies (1) of 95453
 
How about my FGII? One thing you can say about the Big Dog...I have been loyal to FGII through thick and thin. Just always remember the Dog Mantra -- If a company is NOW making money like crazy and expects to continue making money like crazy for 2-3 years to come (backlog may go as high as $1.5 B I L L I O N within 6 months) -- Buy -- regardless of all the little sticks and stones that TA or short players or El Nino can throw. And you ain't seen nothing yet.

Comments on MIND.

Jefferies 12 month price target is $30 based on 15X calendar 1999 EPS.

Expanding 3-D surveys, as well as 4-D and three component 3-D (9D) surveys, are likely to result in greater demand for channel boxes and related equipment.

MIND's services all small-cap seismic companies (which dominate the land seismic biz) to compete on large surveys where the smaller companies could not otherwise compete since they would not have the resources because of their small size.

Payback of two years or less on the equipment MIND rents out.

MIND has significant opportunities to add leasing services to the Eatern Hemisphere and to expand presence in Latin America. This international growth is not figured in the earnings estimate and price target and could drive the stock price much higher.

Debt is zero. 10,000,000 shares outstanding with a 9.3 mill float.

An additional $9 million of other equipment has been identified and will likely be bought in 1998. Each $10 million increase in the lease pool at 75% utilization increases EPS by 23 cents. Each 5% utilization increase increases EPS by 17 cents.

MIND didn't participate today, so I bought some more.
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