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Non-Tech : Lufkin Industries (Nasdaq: LUFK) -- Ignore unavailable to you. Want to Upgrade?

To: Sigmund who wrote (66)	4/15/1998 2:19:00 PM
From: Todd D. Wiener	Respond to of 103

OFF TOPIC Sigmund- If you think that THQI will do well in the short run, why are you not buying any? I don't understand that at all. And the street doesn't care about Q4 1999 earnings! That's 18 months away! Anything can happen in that time, including a buyout of THQI. Let me ask you this: at what point in the future would you buy THQI again? And would it be a better buy then than now? I've heard you mention that you think THQI could have a sharp drop in early 1999, and it might still be in the 20s. I am completely certain that this won't happen. Obviously, the decision is yours. Todd

To: Sigmund who wrote (66)	4/16/1998 1:30:00 PM
From: Todd D. Wiener	Read Replies (1) \| Respond to of 103

If LUFK can close above $36, it should soon rally to $40. That's the next resistance. There has been some heavy buying today. As I have mentioned, the stock should trade at $40, if only to maintain the low valuation it had last week. At $40, LUFK will be trading at about 15 times trailing earnings. That's fairly cheap, especially for a company that is growing by 30% per year. The oil market is a temporary downer. But in a year, the price of crude should be much higher, as the excess demand eclipses the supply. At that time, LUFK will experience a resurgence in demand for its pumping units. In the meantime, the strength and improved margins in LUFK's other product lines should support the company's growth. I still see $3.00 for 1998, and $50 by year-end. Todd