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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Willie Lew who wrote (2585)	10/30/1997 9:03:00 AM
From: Big Dog	Read Replies (2) \| Respond to of 95453

Willie -- Re FGII being in business for 50 years. This is true, but it was only in the last year or two that FGII combined with HAM Marine which was owned mostly by the JL Holloway (now he is FGII and presumed to be God-like since he is a half billionaire). FGII has been designing rigs since the beginning of time, but they never BUILT the rigs they designed. It is the synergy of the combination of the two that will propel FGII to its success. As a historical note, I contemplated, and almost bought HAM Marine yard in about 1990 for one million dollars. I didn't do it because there wasn't good prospects for work. My how things change. Of course it is the vision and shrewd deal making of JL that has "made" the company thise huge success -- not to mention great timing with the rise of the offshore market in general. So keep in mind what sort of guy owns half of this company. He is a VERY good deal maker and will not sit still. Plus he is very greedy and has a big ego. Just the type of guy we want at the helm. mike

To: Willie Lew who wrote (2585)	11/5/1997 2:59:00 AM
From: Willie Lew	Respond to of 95453

Hi All, This is my observation of FGII. 1) Earnings are extra great...Where can you find a 2200% increase in earnings... two great quarters already (as I observed) It has grown more into it's PE. YAHOO current PE is 54...It was 70 before the earnings came out. The stock fundamentals and growth factor is very very good. 2)It looks like FGII has passed its overhead supply of $41.50 The selling pressure should stablized. There should not be much holding it from rising. My observation is that it should head upward a lot very soon. 4) For technical analysis...It has already double bottom and when usually that happens it means it is heading upward. 5) The demand and Iraq situation is making oil more valuable than ever. My position is long on FGII..... Looking for the next range of $50... Yes.... The power is back!!!!!!! Well, this is my opinion.... Willie