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: Big Dog who wrote (37291)	2/11/1999 9:16:00 AM
From: SargeK	Read Replies (1) of 95453

FGI It will be interesting to watch market reaction to FGI announcements and appearance with Haines (a FGI shareholder). In addition to the favorable earnings, the quality of the backlog and new contracts is even more interesting. The company has been turning down low margin business and staying with their roughly 20% margin on projects. This definitely bodes well for the future of the company in general and growing profits - specifically. Although some curves were thrown by Haines and the co-host, Holloway handled them quite deftly. If the company doesn't get a significant pop on this kind of news, then the OSX is in deeper jeopardy than the general assumptions. I am adding FGI to GIFI as an indicator stock for forecasting the sector. It was interesting to learn the companies are not in direct competition with each other. I'm holding with my prediction of OSX above 60 and growing by the end of next month. K

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