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Politics : Ask Michael Burke

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To: upanddown who wrote (39106)	12/12/1998 11:25:00 AM
From: Tommaso	Read Replies (2) of 132070

I was having some second thoughts about my SDC purchase yesterday, but find this history encouraging: sfdrill.com I used to see this company evaluated in Value Line years ago and had not realized that there had been the interval of 100% ownership by Kuwaiti interests. But everything seems very much on the level, and given today's price, the IPO by which it went public for the second time, getting $28 a share, looks pretty good. Kuwait seems to have a long history of investing oil money in good American companies, and that's what SDC seems to be. Of course, I am so used to having what seem to me good ideas turn out to have terrible flaws that I would be happy to hear negative comment. The only thing that bothers me now is that the figures on SDC seem too good to be true. Except for the dividend. If the dividend yield were about 6%, it would look like one of the great buys of the century. It's down wearly 80% from its peak, and less than half the offering price.

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