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: Teddy who wrote (12199)	2/19/1998 10:57:00 PM
From: Flan	Read Replies (1) of 95453

Teddy - I agree with you - I just want to know who bought the 20 million shares of dell at 120 today. Dell which is a great company is now selling for at a 50+ p/e - Box makers have traditionally sold at a 15 p/e at the most. Why pay such a premium for a company that is rapidly becoming a commodity business. But that is what is insane about this market - people will gladly pay out of the ass for a stock that has a pretty chart and will totally avoid our cheap as dirt oil service stocks. Look at it in terms of value - even though there has been no official revision in PDS numbers lets just say all hell breaks loose and they earn 50% less in the coming year than anticipated well the stock would still be selling at only a 10 p/e and the company would still be spitting out a sizeable portion of free cash flow. When will people smell the coffee - are there no more value players left in the world.....

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