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Strategies & Market Trends : Value Investing
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To: Shane M who wrote (5985)2/9/1999 12:02:00 AM
From: Bill Zeman  Read Replies (1) of 78462
 
Shane

Just dug out FGI while surveying a couple of hundred oil stocks today in an effort to build a watch list of solid companies that could be in for a huge pop when the sector recovers. Out of the 200 companies I looked at, FGI was my third favorite! It's nice and small, but not too small. Market Cap somewhere between 200 and 500 million if I remember right. The most compelling thing about this stock I saw was that they have such an impressive streak of sequential earnings increases from quarter to quarter and it appears they will continue this, even through this slump. I will be following this one and doing more DD.

The other too oils I found today were MEXP and INT. INT has no debt, pays a dividend, (1.83 yield), and is less than 1.5 price/book. They are still profitable and look to continue through the slump. INT services the specialty high tech fuel industry. Nice small cap.

MEXP is perhaps even more fascinating. MEXP is an oil explorer/producer in I think 3 states. MEXP is a micro-cap with under 100 million cap. They are still profitable and earnings are expected to rise significantly in 99 and 2000 by analysts. Best thing about MEXP. At 3 1/2, it is way under Yahoo book value of 4.94, and insiders have been buying heavily all the way down from 8. I may have to buy some shares tomorrow. I have to find out why it has come down so far first. Obviously not even the insiders know, so it may prove to be difficult.

Bill Z
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