Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : UFAB - oil drilling deck fabrication -- Ignore unavailable to you. Want to Upgrade?

To: soozathelooza who wrote (162)	11/27/1997 10:01:00 PM
From: andrew r harwood	Read Replies (1) \| Respond to of 337

Thats really anyones guess but clearly its a lot closer when it was at 40$ and trading at over 30 times earnings.i bought some yesterday and would think thats its close to a bottom,rock bottom would be the offer price which was 18$.the important thing to realise about unifab is that its fundementally a very sound company thats well run with a minimum 3 year order backlog and no debt .its now around 18times earnings so is a good buy for a 1-2 year time frame and i expect to double my money.i tried to get some in the ipo and was unlucky so now i have a chance to buy at close to its ipo offer price.i live in lafayette and everyone i know is very positive about unifab unfortunately it is now getting beaten up because of prior excessive optimism now its the opposite and the time to buy .in the price gyrations from the current price to over 40 the basic company its prospects and profitability are unchanged.. clearly there was excessive optimism and it was time to sell now the excessive pessimism and the time to buy.if you want a less volatile way to participate in the acaniana economy buy one of its local banks which i also own ana or mid south .arh