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: JungleInvestor who wrote (35592)	1/21/1999 7:42:00 PM
From: thomas hayden	Read Replies (3) of 95453

Can someone help me with FGI - I must be missing something. Why does a stock that has a tremendous growth rate, a return on equity of 40% trade at such a discount. And please there must be something more than low crude oil prices.( they are expected to earn a $1.80 this year times a multiply of their growth rate makes this a steal, so its got to more than crude oil prices) Also, I'm sure this has been discussed, but the large short interest. Over the last three months it has been rapidly climbing reaching a peak of 25% of the outstanding float in Dec. Shorts can be wrong but they generally are smart, informed investors. Why is a company that is going great guns in the tank with investors?

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