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

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To: Mike from La. who wrote (37456)	2/12/1999 12:52:00 PM
From: SargeK	Read Replies (1) of 95453

Mike, Your take on the FGI 2000 Earnings Forecast?????? Reconciling projected FGI Earnings is a problem I find fascinating. 1998 Earnings - $1.46 Yahoo Research (Earnings); 1999 - $1.81 ($1.46 + 23.7%) Median: $1.83 2000 - $2.45 ($1.81 + 35.4%) 3- 5 years 20% (annual growth) biz.yahoo.com IBES: 1998 - $1.46, 1999 -$1.75, 2000 - $1.18, Operating. Earnings 3- 5 yrs 15% (annual growth)) quicken.com While the 1999 forecasts are close (YAHOO $1.81- $1.83) and (IBES $1.75); forecasts for 2000 is unbelievable divergent. If the analysts used by YAHOO are correct and the Earnings next year even comes close to $2.45 then NOW would be a SUPER BUY. On the other hand, if IBES analysts are correct and earnings decline to $1.18 every pop in the market could be viewed as an opportunity to UNLOAD. The CNBC (Holloway/Haines) interview, conference call, and recent earnings and backlog history strongly suggests the YAHOO research is correct and IBES is not only wrong but terribly misleading. Anyone wishing to explain this anomaly are welcome to jump in. The divergence in the above forecasts could easily explain current market action. K

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