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 (21230)	5/3/1998 11:16:00 PM
From: Douglas V. Fant	Read Replies (2) of 95453

Chuzzlewit, On CST/EVI, I'm not sure that this is relevant but CST also carries its 3.8mm EVI shares that it holds on its books at its original cost or about $11.85/share for EVI whereas EVI is currently around $58/share..... Like you I looked at it wondered what I was missing - but I entered EVI "backdoor" by buying CST. perhaps professional arbitrageurs don't fool with this one since the CST float is small.... Still roughly a 14% spread tonight... If you like another mystery come join Beeblebrox and I on the GNNX Thread. A small OTC media/telecommunications stock with $0.31/annual earnings and $5mm revenues annually, just over the last three weeks announced a series of new contracts that may drive revenues up to $200mm annually! Beeb and I have bought a few shares as we warm to the stock... Indeed Beeblebrox is visiting their home office to check them out next week.... Also look at Rowan Cos., RDC. The CEO has repeatedly said that he is comfortable with an earnings estimate in the $2.50/share range, it just paid off a bunch of its debt and reduced costs of doing business, yet you can get RDC for $31/share. Maybe that is a true sign of value investing- scratching your head and saying "What the heck am I missing here???" Finally anyone riding the AIPN rocket in small energy stocks? (I own no shares)... Sincerely, Doug F.

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