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

To: Grommit who wrote (31168)	8/12/2008 5:16:44 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78645

HLX looks okay to me. Forward p/e maybe 7 (Yahoo '09). Profitable every year of past ten. Decent ROE for the price. D/e a little high (imo) at .9 - I guess because of recent acquisition. Company making some changes to its business model. An oil service provider unlike most, in past when business was slow, company was able to deploy its crews to its own e&p business. Now it is selling some of that business - all their onshore oil & gas properties. I believe they'll be concentrating their efforts on deepwater. Stock's near a 12-month low. If prospects for company were as good as I suspect they are, then that shouldn't be, even though oil and gas prices and oil/gas stocks have come down from highs. So perhaps my outlook is incorrect, and good numbers above will change for the worse. I'll bet more on the company and its stock recovery. Doubling up on my position today. -- I see Yahoo shows ACRGY as a competitor. That stock's also near a 12-mo low. I like ACRGY for its business and its possibilities as a supplier to Brazil's Petrobras. Holding on to my losing position. finance.yahoo.com