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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?

To: jsabelko who wrote (184)	9/16/2006 6:29:47 PM
From: gcrispin	Read Replies (2) \| Respond to of 4080

Hi Joby, "Key to me is is this temporary and how long." I would respectfully suggest that the US excessive expenditures that is impacting the company will not be temporary. Certainly the stock could bounce after such a dramatic fall. But usually profit warnings for tech stocks don't stop with the first press release. The following post outlines stocks that I still hold. Message 22604333 Of those I think IMOS is the most interesting at its price to earnings ratio. If you are interested you should listen to the latest CC, particularly the Q&A which is a discussion as to why the stock is so cheap. BEL is a complete mess, as their business unexpectedly fell out of bed over the summer. However, they have new management with a significant ownership position, so I am continuing to hold my stock. You also might be interested in CKSW, another software company. I have previously posted about the company and bruin and I have exchanged views on their financials. These posts could be found by using a symbol search of the public messages. My other positions don't really fall into the contrarian/value category. I didn't include UNT but was aware of them. I will listen to their latest investor presentation as well as look at the stock you mentioned.

To: jsabelko who wrote (184)	9/17/2006 10:12:49 AM
From: gcrispin	Read Replies (1) \| Respond to of 4080

Here are my thoughts after a quick look at udrl. One company on my watch list is GW. Both GW and UDRL have specialities. For GW it's deep drilling. For UDRL it's horizontal and underbalanced drilling. GW has a stronger balance sheet and has a lower enterprise value/EBIDTA ratio. One of the issues stressed in GW's Lehman's presentation was it's safety track record. URDL's website also stresses the importance, but their second quarter press release mentions an event that raises concerns about worker's safety. GW was founded in 1978 and UDRL in 1997. One of the items stressed by GW's CEO is that it takes ten years experience to become a good driller. In fact, GW has never laid off a driller during the down-cycles. I believe experience does come into play and would lean towards GW.