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Gold/Mining/Energy : Tesco: Is it a go? -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (2)	2/8/2001 10:14:33 PM
From: Roebear	Respond to of 3

Hi Jake, I've been investing (and trading) in TESOF since it was in the 5's early last year. So I follow them pretty closely. TTM revenues listed on Yahoo are about 101.4 million at 3.81 a share 32.7 million shares. In the conference call last earnings they stated that they expected these revenues to double over the next year. Their other information has held up pretty well in CC's this year and their targets mentioned have been holding up well. I believe this projection is accurate and they will at least double revenues. It has also been my opinion, considering their business model of renting their top drive units (a sizable portion of the business) and the fact that they should have a high percentage rented out now and in the coming year, that their earnings may increase at a greater percentage than the revenues, as nearly all the inventory will be generating revenue. I would also expect more institutional/analyst following as the stock price (I hope, <g>) gets well into the US $15 range, giving them a market cap above 500M. Hopefully this will generate more interest from their southern neighbor. I haven't even touched on Casing Drilling, which I consider the icing on the cake for the company, but which of course, has the potential to become the cake itself...someday. All I have time for now, Roebear