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

To: andrew r harwood who wrote (240)	1/28/1998 4:28:00 PM
From: Gabor	Respond to of 337

Again,Thanks a lot.I did buy another 2k at 13/1/4 today.I appreciate your response.

To: andrew r harwood who wrote (240)	1/28/1998 8:41:00 PM
From: Platter	Respond to of 337

Maybe this might give you all some hope...Briefing.com mentioned UFAB today! "GULF ISLAND FABRICATORS (GIFI) 18 3/4 +1 1/2. GIFI shares shot up to just under $20 in the first 30 minutes of trading after the fabricator of offshore drilling and production platforms reported much better than expected results. For the period, the Houma, LA-based company reported pro forma net income of $0.25 a share, which was 10 cents, or 67%, above the First Call mean estimate of 4 analysts surveyed. The bottom-line results were also well ahead of year-ago net of $0.14 a share and came on a 87% increase in revenues to $34.8 million. Although the numbers were exceptional, investors are already beginning to take profits-- too frightened to commit for more than a few hours to this sector. Indeed, traders and investors alike have on numerous occasions been burned by aggressively reentering oilfield services and drilling stocks, believing that the sector had bottomed. In GIFI's case, investors have taken hits all the way down from the $40 a share level, as crude prices have tumbled and momentum investors (including mutual and hedge funds) have fled. Nevertheless, the rebound in oil experienced over the past three days has been of little comfort to investors in this group, as many view it as a temporary blip caused by the United States' threat to invade Iraq. Hence, until crude prices are able to make a sustained move, this group will continue to be defensively volatile, despite the excellent near-term fundamentals that most of these companies possess. If looking for some names that are sure to take off once the sector outlook improves, take a peek at Friede Goldman (FGII) and Unifab (UFAB), which carry P/Es of 9 and 18, respectively. UFAB is expected to log per annum growth of 25% over the next five years."