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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (18608)	4/7/1998 5:31:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 70976

Ok its 1998, your American, what do you invest in?. Well, if you watched Cnbc today? They and their 100 guests said ' We can't see bank stocks going anywhere but up'. Now my dad told me that is what they were saying in 1929. Look for Nations Bank to announce the acquisition of Wells Fargo, put every dime you have in bank stocks. Leave this sector alone, until Amat gives guidance that things are getting better. When that will be, I don't have a clue, but I don't think it will happen for 2 to 3 qtrs.

To: Jacob Snyder who wrote (18608)	4/7/1998 8:19:00 AM
From: Gottfried	Respond to of 70976

Jacob, OT you asked Imagine it's 1998, and you are American......What do you invest in? < Ensco - an oil and gas driller selling at $27. My ESV decision was mainly based on projected LT EPS growth of 24% and expected YE99 EPS of $3.19. (24x$3.19=$76+) Even if EPS is adjusted down later, ESV should still be up from here. Dec98 EPS for the year is estimated at $2.56, so PE at current price is <11, well below historic PE, which is charted at geocities.com I think ESV meets all your criteria. GM