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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Amigo Mike who wrote (1229)	2/28/1998 3:50:00 PM
From: Sergio H	Respond to of 29382

Ola Amigo Mike. Just a few comments on the Amigo portfolio: ANTX is getting very exciting. Please keep us up to date on the Blair situation. DHI as a suitor for WBB is not guesswork on my part. Wall Street Journal article on Fri. mentions DHI as one of two suitors. NRL options are a good idea. Let's get in before the earnings report. Which calls do you find to be the best value? SRSL is mostly owned by the CEO/Co. founder. Institutions do not have a large percentage of ownership. The next few weeks/months should be very interesting. Initial reaction to Chinese acquisition may be reversed in a few days. Take a look at CHSE as an example. Speaking of CHSE, please take a look at it over the rest of this weekend. Cary has mention SAH as a potential addition to our porfolio also. Let's both take a look. I thought that a post on the ESV thread might be worthwhile to post again here: \| Next \| Respond \| Remove Navigation To: +Baird Soule (792 ) From: +David Lawrence Friday, Feb 27 1998 10:56PM EST Reply # of 797 Key points from today's Value Line on ESV: 1. Day rates for contract drillers rising rapidly worldwide. 2. Average day rate (x35 rigs) $59,400 in Q4 +66% vs. year ago. 3. Jackup day rate (x6 rigs) $96,500 in Q4 +80% vs. year ago and +10% sequential. 4. 37 vessels running $8750 vs $6000. 5. No material change in cost structure, so add'l $$ go to bottom line. 6. Rate increases expected to slow, but still expect margin improvements. 7. '98 EPS est $2.55 vs. $1.64 in '97. 8. Adding 3 new barge rigs in Venezuela to be completed early '99. Cost $105m. Committed to 5-year contracts valued at $190m. 9. Building harsh environment jackup rig due 2000 @ $130m. (Implies positive management LT outlook.) 10. Expects rising demand, strong earnings gains, continued volatility. 11. Debt is 27% of capital. 12. Timeliness rank remains 2 (Above avg). Safety rank 4 (below avg). 13. Price projection 2000-2002 $55-95. 14. Insiders 2.5%. FMR 14%. Merrill 10.3%. Rainwater 5.3%.