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

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To: shust who wrote (1492)9/19/1998 12:41:00 PM
From: sammaster  Read Replies (1) of 2005
 
esv is a graet buy at this point for the long haul but will it go lower?

price to book sunk to .86 in 1991 p/book now is 1.54
price/sales was .69 in 1991 p/s is now 2.02

still have ways to go down on the price/book.....although we may not hit record low we are still way above it right now

p/s # is scary because esv sales is going to drop rapidly so price is going to have to drop even more rapidly since p/s of 2 right now is way over the p/s of .69 during last downturn...

yes esv is very undervalued and a good buy for the long haul now but i believe it will go lower based on the above....
any comments?

samir
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