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: Chuzzlewit who wrote (19592)	4/19/1998 12:57:00 PM
From: jbe	Read Replies (2) of 95453

I think bad karma in the drillers is infectious, and I must be an unwitting carrier. And I thought I was the carrier! As a would-be long-term buy & holder, I selected the stocks in my portfolio with all the care that an amateur can muster. To qualify, they had to pass all kinds of tests: 1) relatively low valuation ratios (with special emphasis on free cashflow ratio); 2) low debt; 3) high (and sequentially higher) cashflow/eps/sales growth; 3) good projected growth, together with high company growth ratio (i.e., low PEG ratio). I assumed that the stocks that managed to jump through all those hoops would not disappoint me. So I lined them up and sat back, waiting for them to breed & multiply, as it were. Guess what! They didn't! (That is, some did -- but not enough of them.) Their virtues were not rewarded by investors. They had -- o, the injustice of it all! -- BAD KARMA! AND I HAD DONE IT TO THEM! Fuzzywits (aka jbe)

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