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: Lazlo Pierce who wrote (16696)	3/26/1998 1:27:00 PM
From: Big Dog	Read Replies (4) of 95453

David -- I know they said the will not meet analyst estimates for 4Q due to customers not exercising purchase options. That may be GOOD news. Check this out: Let's say by doing the options, MIND stood to make $1 mill (for example only -- don't know the number). This number was used to calculate the earnings estimates for the 4Q. Now when the options are not exercised, MIND does not make that million. HOWEVER, here comes 1Q and these customers are STILL leasing -- at margins higher than sales -- so now MIND has income in the 1Q that they thought they would not have since they expected to have sold the units in 4Q. To me it looks like they make MORE money overall, just some less in the 4Q when they anticipated the lower margin sales. This is good news to me and I still give MIND the highest Dog Rating of 5 barks. (FGII has 5 barks and a tail wag as a bonus) (Lisa has 4 barks, two tail wags and a lick) Maybe MIND will clarify some of this. I have written the CFO. Big Doggy Dog

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