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: RGinPG who wrote (22820)	5/26/1998 12:12:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

Anyone buying on dips? -bought MDCO & TBDI this a.m. Seems awfully bearish out there... After all the comments on MDCO this past week I had to step to the pump ! In reviewing all the fundamentals - looked too good to pass up; anything sub - $20 seems to be a superior value. Forward looking PE based on 1999 earnings estimates = PE of 7 +/- ! Lots of room for downward revisions and still a solid value. I was looking to add to a current position in PKD, but based on PE/value and forward growth - TBDI @ PE of 8.5 and with todays announced 76% increase in revenues & 194% increase in income it just looked to be the superior value in land drillers with very good growth going forward. Anyone following BTJ - Bolt Technology; small/micro cap offshore seismic service company? Has 26% margins, 38% return on assets & 45% return on equity.Geophysical/seismic area seems to be less price sensitive to crude than other areas. PE of 12 with rapid growth and strong fundamentals; seems only lacking in analyst coverage/discovery ? Lots of room for VTS-like growth, PE expansion and appreciation... comments anyone?

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