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Gold/Mining/Energy : Swift Energy (SFY)
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To: FloydP who wrote (647)2/11/1999 3:29:00 PM
From: PuddleGlum  Read Replies (2) of 1602
 
But every + 1/8 helps when you're holding 36,000 shares.

So you really have been holding up the price of this stock? Perhaps I should reconsider my position... <g>.

The market is kinder to SFY than to my other e&p plays, but basically the market is expecting lower product prices. How else can you explain this stock selling for a P/CF ratio of 1.9? Meanwhile, the Swifts could do a leveraged buyout and pay for the company with 2 years of cash flow.

pg
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