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

To: Teddy who wrote (10886)	2/6/1998 4:51:00 PM
From: SJS	Read Replies (1) \| Respond to of 95453

Ted, I've heard of them, but not much. In any event, they like our stocks so they must be OK!!

To: Teddy who wrote (10886)	2/6/1998 7:35:00 PM
From: FUZFO	Respond to of 95453

Teddy, As from the asnd thread, I did attend a presentation given by VP of Smith tool today, which as you know is just one division of SII. It was mostly "feel good" info but also contained some charts on revenues, & projected earnings. Some highlights: 1. Magnum Bit ( diamond enhanced insert roller cone ) is doing very good, this is premier bit in market. 2.Gross Margins expected to go up from 58% FY97 to 58.9% FY98 3. VP Heppenstahl seemed confident with chart showing FY98ee of about $3.25? (the chart was not so readable , but I believe this in line with zacks). 4. He added some caution for 2H if oil stays low at $16/bbl. Drlling activity should not be affected until then, if at all. My take on this was "if" oil up around $17, I will start into smith stock at or about these prices ( 56-60) with a target north of 65. Otherwise this is a very good co. but I have been burned on oil stocks before due to wildcards beyond their control. As always, do you own analysis before you invest, this is just my opinion FWIW. Regards, Fuzfo