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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: marc chatman who wrote (19411)4/16/1998 8:04:00 PM
From: Lucretius  Read Replies (1) of 95453
 
PE of 30??? I think you're looking PY earnings ratios. I belive most here are speaking of forward (the only ones that really count) earnings ratios. For instance:

DELL (which I am short) 37x '98
NKE (which I am short) and has HUGE problems... 28x '99

NE (which I am long) 15x '98

Many of the other drillers are discounted even farther. I think you can see, that there is plenty of protection form a blow-off in valuation terms as compared to the rest of the mkt.

-Lucretius
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