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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (5950)2/7/1999 2:09:00 AM
From: Bill Zeman  Read Replies (1) of 78462
 
Jeffrey:

I will have to check out some of the suggested mid caps I have read here today. I like Pride Intl, (PDE) and have been holding some shares for about a year now. I am down almost 50%.

They have a half decent debt to equity of 1.09. All their debt is colateralized with their ships and rigs, and they are trying to get more debt to set up more rigs. They will keep making money through all this because they have long term contracts. They just recently broke an upwards sequential earnings pattern in 9/98. They will still make good cash flow and should weather this storm.

Bill Z

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