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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: valueminded who wrote (74477)	1/26/2000 11:47:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Chris, UCL certainly doesn't work on standard ratio analysis, though they did have a pretty strong quarter. If you back out the special one-time gains (they are located near Intel, you know <g>) and annualize the quarter, they are selling at less than the S&P 500. But it is the assets in the ground, both in the US and in Asia, and their exploration expertise that make the firm attractive. The book value is low because the producing fields are way undervalued on the books. Also, UCL continuously finds ways to get production out of fields that are all but depleted on the books. With these raw material holdings and expertise, UCL is just the right size to fill a niche in a major oil company's portfolio. And, they are the right size for there to be little DOJ objection. A major could acquire assets and expertise much cheaper than buying them in the market by gobbling up UCL. In many ways, this is similar to the Arco story I played a year or so back. Ant Man got in on that one, too. Except UCL is a cleaner swallow for a major than Arco. HM looks to be the most attractive gold stock, but I am not buying yet. I still have a third of ASA and would add more near $15. I disagree about Dell. Remember, last year Dan Niles got his Midnight call only 3 days before they announced the flop in revenue growth. My guess is Dell does horribly and tries to spin the numbers much the way Intel did. I have a third position in Dell, as my Jans perspired worthless. I will certainly add more if this puppy pops.