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

To: Paul Senior who wrote (31811)	8/20/2008 4:33:38 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78750

Added to oil service provider (helicopters) Bristow Group. A little expensive (p/e 11 now, with 3/'10 estimate about 10) compared to some other oil service providers (e.g. RIG, NE). As off-shore developments are built and maintained, I'll surmise demand for [t]BRS[/t]'s services will continue to be strong. The company is refocusing on deep-water drilling. "Our strong revenue increase this quarter reflects continued growth by both the addition of new aircraft and improved pricing," William E. Chiles, president and chief executive officer, said in a statement. He added, "Although oil and natural gas prices have come off their historic highs in recent weeks, we continue to expect customer demand to exceed the supply of high-quality helicopters that customers want most over the next several years." "That's why Bristow chose to raise new capital and remains well positioned with manufacturers for new helicopters, which will ensure that we can take advantage of these strong market conditions." ====== Of course I'm not surprised to see some positive statements from management related to the quarterly report which was disappointing (earnings/sh below analyst expectations; more shares outstanding). ======= Aside: BRS is buying Sikorskys for its (BRS's) fleet. Sikorsky Aircraft is a subsidiary of United Technologies (UTX).

To: Paul Senior who wrote (31811)	8/20/2008 4:59:56 PM
From: Wallace Rivers	Respond to of 78750

Thanks for the heads up on TXT, I will put it on my watch list. At one time I owned a piece of TXT via old ticker UIC (AAI corp., unmanned drones). Left way too much in the table in that buyout. Still, an excellent diversified company with a decent yield and low PE at the very bottom of its recent historical range. I guess finance arm results are hurting the bottom line to a certain extent, but these only constitute 16% of company total, from my research. S&P looking for $4.40 in '09 vs. $3.86 '08, 13% YOY growth. So put a conservative 12 multiple on '09 projection, that yields $52+, pretty favorable IMHO.