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

To: cellhigh who wrote (248)	2/5/1998 8:40:00 PM
From: andrew r harwood	Read Replies (1) \| Respond to of 337

Unifab announced today that they have purchased a company in lake charles in the same line of business as them.more importantly it gives them access to deep water and will allow them to bid on bigger platforms which i would imagine are more profitable .also lake charles doesnt have quite such a tight labor market as acadiana so they should have fewer problems expanding their work force and taking on more business .lack of trained labor in acadiana in our boom here has been a significant problem for the company .anyway very significant announcement for the companies long term future .i still stand by my prediction that unifab will be between 30-40$ a share within 2 years .i just wished i had bought more than i did at the 13$ level .it was such an obvious bargain at those price .arh