Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SargeK who wrote (58245)	1/11/2000 11:29:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Thanks Sarge; on topic wasnt so hard after all... but ! <<Not so much new construction right now; but, lots of inquiries on upgrades, retrofits and people looking to bringing equipment back into service. >> That statement was all I needed to hear... "not so much NEW CONSTRUCTION" ... "New Construction" is what FGH is ALL about imho... untill NEW CONSTRUCTION thrives - this is and will stay a laggard and a very good potential play LATER in the cycle. Thanks for the info; and you may want to go back to the last few 10 Q's and look at how little $ amounts for backlog, revenue and EARNINGS those small repair jobs are in comparison to NEW CONSTRUCTION for both HLX & FGI divisions - THAT is one reason Institutions dumped so heavy at these cheap prices and why the massive short interest in "part" is still there... eom. Again, GIFI UFAB are a bit earlier cycle fab co's & most importantly require much smaller cap ex commitments from companies - better plays here imho. I'll pass on FGH for now, own UFAB looking to add large and waiting for ANY weakness on GIFI. PS - sorry to hear you bought so high at $7 1/2 ? - should, coulda loaded up at $6 1/2ish, or wait for the $5's to average down further (VBG) ?