Ensco International Inc. (ESV) Message Board

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

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To: Gottfried who wrote (1578)	12/4/1998 10:25:00 AM
From: Roadkill	Read Replies (3) of 2005

Gotta love those analysts -- downgraded just as the stock hits book value. I have an acquaintance who seems relatively knowledgeable regarding drillers. He said that, during the '80s down cycle, most drillers bottomed at about 2/3 of their book value. Does anyone have any thoughts about this, or whether this opinion is even correct? I'm looking to load up the truck with ESV. Among other things, I believe that the management is strong and mindful of increasing shareholder value. But am concerned (like everyone else) that we aren't yet at the lows. RK

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