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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Paul Heye Jr. who wrote (9387)1/7/1999 6:53:00 PM
From: Herm  Read Replies (1) of 14162
 
Hey Paul!

GLM has really taken a beating. A triple bottom. It might be
the time to jump on GLM and work the CCs.

NYSE: (GLM : $10 7/16) $1,834 million Market Cap at January 7, 1999
Trades at a 15% Discount PE Multiple of 8.0 X, vs. the 9.4 X average
multiple at which the Drilling & Marine Supply SubIndustry is priced.

iqc.com

Company Rank Mkt Cap Price% YTD
DIAMOND OFFSHORE DRILLIN 1 $4,093.9 +17.2%
TRANSOCEAN OFFSHORE 2 $3,152.2 +16.6%
R&B FALCON CORP 3 $1,678.4 +14.9%
NOBLE DRILLING CORP 4 $1,994.3 +17.4%
GLOBAL MARINE INC. 5 $1,833.9 +16.0%
TIDEWATER INC. 6 $1,627.4 +12.1%
ENSCO INTERNATIONAL INCO 7 $1,687.3 +11.1%
NABORS INDUSTRIES 8 $1,635.2 +20.4%
HELMERICH & PAYNE, INC. 9 $1,024.7 +6.8%
ROWAN COMPANIES, INC. 10 $973.5 +13.9%

Here are the other oils by ranking. GLM has strong cash and revenue.
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