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: articwarrior who wrote (31804)	11/14/1998 4:57:00 PM
From: jbe	Read Replies (1) of 95453

Additions/corrections to list of low-debt companies. There are a number of low-debt (under 10%) oil service companies that are expected to show a strong EPS increase next year, even though their EPS this year was down. They are: MIND (0.0 debt) EPS, from -16.1 this year, to projected +40.5 next GEL (6.9) From -21.8 to +28.1 WG (2.0) From -?? to +155.2 TESOF (0.00) From -39.6 to +109.0 However, it seems to me that two of these companies -- MIND and WG -- might do well to take on some more debt. They both have very negative free cashflow. That is especially true of MIND, with a number of -5.2 (which puts it in the second percentile of all companies. As for the low-debt companies on my earlier list, I regret to report that growth rates for all of them are projected to be considerably lower next fiscal year. The most dramatic reversal of fortunes is predicted for SDC (down from +141.4 this year to -14.9 next year) and VRC (down from +62.5 to -10.8). :-(( jbe

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