Ensco International Inc. (ESV) Message Board

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Gold/Mining/Energy : Ensco International Inc. (ESV)

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To: jim p. holcomb who wrote (1480)	9/13/1998 11:37:00 AM
From: Gottfried	Read Replies (2) of 2005

Jim, good to hear you haven't lost faith! Earnings drive any stock long term. Projections for '99 show declining earnings. What is your reasoning to expect substantial stock appreciation? Is it based on thinking the estimates for '99 will be revised upwards? Or do you expect earnings to increase in 2000? We all remember the terrific runup of this stock last year was based on thinking day rates would rise forever. I still think Ensco is a well managed company and expect great things from the new rigs they're building. Gottfried I sold half my ESV a couple of months ago and put the $$ in EVI, just to diversify within the sector.

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