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: marc chatman who wrote (35443)	1/20/1999 9:17:00 PM
From: Flan	Read Replies (2) of 95453

Marc - you are the first person I have seen talk about VTS. I have been keeping my eye on it and almost bought it in this last little spike to 17 but laid off because I new that things in the patch continue to worsen and more bad news is sure to follow which will drag this group down. I am though going to buy some VTS shortly. Solid balance sheet - $4 a share cash, little debt, great interest coverage ratio, still making money in this market - they guided street down to 1.50 to 2.00 this year so even if they miss it by a mile they will still be making good money and sport a seriously low p/e. Their library though is probably not properly priced into the $14 book value. I like their positioning and historically over the last five years they have consistently reported higher operating ratio (ROI,ROE etc) than almost all of their peers. The question is when to buy. I think this market is due for a pullback and a couple of scary 300 to 400 point down days - that will signal my entry into this stock.... What are your thoughts

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