Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Big Dog who wrote (36239)	1/29/1999 4:12:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

The Worm has turned ! Hicks Muse, Soros, M. Price are ''in'' ! nothing like the arrival of the Smart & Vulture money; ...damn; hope I beat Michael Price to the Veritas party... I'm not holding any FLC currently ( the thinking mans leverage play) - gotta be liking the odds/returns of a FLC short term $6/7 to $15 run... let alone the 2-3 year down the road potential of $4 eps x PE of 18 = $72 when we return to $16-18+ crude... Today was potentially the ''turning point'' day; looks pretty good. No one blowing off in volume to any major degree. This was all most a soft landing 4 peat bottom. GLM a 5 million share trade - and a willing buyer (smart money/buyout play ?)... VTS is such a rock; low debt, substantial cash on hand, has been plowing tons of cash into high tech upgrades & deepwater seismic vessels - superior high technology oriented company with excellent management - Michael Price made my day.... VTS a top 3 holding for me. FGI; Is ''someone'' hedging a large holding; or is someone making this their ''white-whale'' short play ? Either word has leaked that FGI has lost, or received substantial contract/backlog cancellations and ''someone'' on the Street is selling it short knowing the news will be in the upcoming earnings release; or - (as I believe) as FGI will be crucified if they didn't prewarn; FGI is the ''tightest lipped'' company in the Oilpatch; which is great news for the individual investor; and someone is selling this baby short on every tic possible and they obviously don't have any inside news ! I think some pseudo Oilpatch-Ax/Hedge Fund manager could be making an incorrect, but understandable short run on FGI thinking that their meteoric rise on the wave of deepwater Rig newbuilds is going to come crashing down... if this is the case; Wrong ! - these guys are now becoming ''the'' yard of choice; have a backlog that is going to short-squeeze the hell out of the sellers; and will add/transition to repair/refurb work if the enviroment dictates. Quite simply - this stock is mis-priced ! We'll all know in a few weeks - FGI will either be $6-7, or it will run to $15-18. My money is on the $15-18... FGI is still a micro/small cap - few analysts, little institutional ownership - I can not believe that someone is shorting this company to this degree; hence I think someone is ''hedging'' here and at least the vast majority of the shorts will be unlocked as fundamentals improve. I can not believe anyone is making this ''short'' play without having specific inside info - which I don't think is the case. FGI is going to make a lot individual investors a whole lot of money imho. With VTS, FLC & FGI at these price levels; all legitimate 4-5 baggers - who needs any damn ''.coms'' !

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next