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Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (775)	2/25/1998 2:16:00 AM
From: Douglas V. Fant	Respond to of 2005

Gang, Just in case you thought that the oilfield service sector was dead..... 13:10 ET ****** AMERICAN OILFIELD DIVERS INC (DIVE) 11 +3/8. This leading provider of diving services, intervention technologies, subsea products and marine construction services to offshore industries reported 4th qtr net earnings of $0.09 a share. The bottom-line figure was 80% above year-ago EPS of $0.05 and fully 50% above the $0.06 a share First Call mean estimate (two analysts surveyed). Revenues rose to $38.82 for the quarter and $132.73 million for the fiscal year, improvements of 47.6% and 25.5%, respectively. If you think these figures were impressive, then the company thinks that you'll be absolutely blown away by next year's numbers. According to COO Kevin Peterson, 1997 was a transition year. Mr. Peterson's believes that fiscal 1998 will be when profitability really begins to reflect the implementation of the company's long-term strategy. Indeed, big numbers are expected out of DIVE in 1998. The current First Call mean estimate of $0.97 a share suggests that the company will grow earnings by 120% from the 1997 level. Over the longer-term (5 years), analysts are expecting more moderate growth of approximately 20% per annum. With a forward P/E of 11.3 and a PEG of 0.57, DIVE is another cheap stock in the badly bruised oilfield drilling/services sector. If not for names such as Trico Marine Services (TMAR; p/e 6.65) and UTI Energy (UTI; p/e 9.12) trading at even more compelling valuations, DIVE would certainly be a long-term "buy." But as things stand, there are currently cheaper cheap stocks worth looking at first..