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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Bazmataz who wrote (7407)	5/6/1998 11:21:00 PM
From: Herm	Read Replies (1) of 14162

Hi Baz, You never mentioned your net cost basis for the stock. Let's take a look at some fundamental info. P/E? Looks Good! NYSE: (GLM : $25 3/16) $4,337 million Market Cap at May 6, 1998 Trades at a 20% Discount PE Multiple of 12.5 X, vs. the 15.7 X average multiple at which the Drilling & Marine Supply SubIndustry is priced. Current Earnings? Met expectations the last two qtr. Mar98 Q1 0.29a 0.39 0.39a +0.0% 19 14-APR-98 Next Earnings? Jun98 Q2 0.34a 0.48 0.53 0.41 18 15-JUL-98 In looking at the past two years. GLM seems to dip every June! Earnings have been flat for the past two earnings reports this year. I would sell a CC for June at the money if your net is low enough. bigcharts.com cboe.pcquote.com

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