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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (48781)	8/4/1999 11:24:00 AM
From: SargeK	Respond to of 95453

Roebear, I sold the 3k UFAB I bought yesterday @7 for 8 1/8. Purchased 5k HLX today @ 4 15/16. This is becoming real fun.. Good luck!! For the Yahoos who think we are the same entity, they might question why we would pay for two SI memberships, just to have an alias. I suppose stranger things have happened; but, not by me... VBG K

To: Roebear who wrote (48781)	8/5/1999 9:24:00 AM
From: SargeK	Read Replies (2) \| Respond to of 95453

Another 'WAG" by the UFAB "nabob" investor.msn.com I see the other UFAB analyst (the nabob) has finally thrown in his 2 cents worth with an estimate of $1.23 FY(03/01) compared with the $2.85 forecasted by his alter ego; giving us an average WAG of $2.04.. July 30, 1999: ""Our first quarter operating results reflect the current state of the industry," said Dailey J. Berard, UNIFAB International, Inc. President, CEO, and Chairman of the Board. "Bidding activity remains strong and we have been able to maintain backlog, however, our results have been impacted by the delay in contract awards. The long-term fundamentals of the offshore drilling business remain positive. We are beginning to see rig utilization increase, which should result in increased demand for our services. Our focus remains growth through acquisition, alliance and internal investment and development." Comparing future stock price prospects with FGI and GIFI: .. investor.msn.com With Berard aggressively going ahead with internal investment and development and focused on further growth through acquisition it would appear (if he is successful) that Unifab is grossly undervalued relative to its peers. If we take the "nabob" estimate of $1.23 and apply it to the (ttm) earnings multiple of 12 1/2 this provides us with a low-ball target price of $15.38 of the next 6 to 18 months.. If the current crude price environment maintains its current levels (above $20.) the $15.38 would be the least that may be expected. In any event I will continue to trade some and HOLD some. Purchases in the single digits should reward the intermediate and long term investor. Good luck to all, K