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 (30739)	10/15/1998 4:40:00 PM
From: upanddown	Read Replies (1) of 95453

Ron, you look at the ESV report biz.yahoo.com and it makes me wonder why the street is pricing these stocks like they were in desperate financial condition. ESV, with its shallow water and marine exposure, has net margins of 32.8% vs. 30.3% a year earlier. They had a windfall from the sunken barge but still, these are margins that most companies would die for, much less all the tech trash with tiny or negative margins. I didn't buy ESV today, but I did sell some Mar 10 puts for 1 15/16 today. The stock moved up 8% but the puts only dropped a teenth. I'am going to be looking for more of these, especially the low-priced issues. The premiums are rich and I think the downside is very limited (though I'am sure young Teddy would disagree). <g> John

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