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Gold/Mining/Energy : Diamond Offshore DO
DO 13.990.0%Sep 4 5:00 PM EST
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To: Larry Brew who wrote (8)9/12/1998 11:26:00 PM
From: MMW   of 101
 
Hi Larry,

I glad you see the same way as I do. I think DO is excellent value.
Next 12 month forward earning may be more than $2.80 which represent
a growth rate of more than 50%. But it currently only traded at less
than 10 time of next 12 month forward earning. This is a better value
than most of stocks in the market. I think we will have a winter this
year. The price of oil will not stay low as it is. I think it is a
smart thing to do for bargin at this levels.

Regards,
Mike Wu
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