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: Gary Burton who wrote (39098)	3/6/1999 1:43:00 PM
From: SargeK	Read Replies (1) of 95453

Gary, The analysts have already forecast significantly lower earnings for this year and next, so therefore I think anticipated earnings have have already been factored into todays stock prices. Take a look at GIFI and FGI forecasts for this year and next. I just happen to think the analysts are wrong. Recent conference calls for these two companies reflect their thinking that the first half will be soft (compared to last years record levels) with a pick up in activity during the second half going forward. As pointed out previously the analysts have short changed GIFI earnings estimates by an average of almost 30% for the past 5 quarters. As some of the rigs are put back to work I can't help but think the fabs will also benefit. UFAB earnings seems to be unique in that they haven't yet been downgraded. biz.yahoo.com Even if the forecasts are reduced by 50% the PEG would still leave the company as an attractive buy @ current levels. FWIW K

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