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Non-Tech : Lufkin Industries (Nasdaq: LUFK)
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To: Sigmund who wrote (62)4/14/1998 1:59:00 PM
From: Todd D. Wiener  Read Replies (1) of 103
 
Sigmund-

I do like the Q1 results, except for the sequential drop in backlog and sales for the oilfield segment. I still think LUFK can make $3.00 in 1998. The stock is trading at less than 14 times trailing earnings. Q2 might be fairly flat sequentially with Q1, with Q3 and Q4 being higher. I'm assuming that oil prices will recover to the high teens before year-end. Even with prices at $16/bbl, orders should continue to placed for new products, albeit at a slower pace.

I have some May 22.5 calls for RADAF. I like the action as well.

Todd
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