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

To: Sergio H who wrote (3187)	4/16/1998 11:30:00 PM
From: Ken W	Respond to of 29382

Sergio, NTSA otc bb news after the bell. Internet stock teaming with Creative something or other of Hong Kong. Another long day on the road, wishing for the rain again. People drive terrible on dry roads. CRRRAAASSSSHHHHH!!! Ken W

To: Sergio H who wrote (3187)	4/16/1998 11:32:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 29382

Gut feel shot SYGR ht david

To: Sergio H who wrote (3187)	4/17/1998 2:14:00 AM
From: Cary C	Respond to of 29382

Ola Amigo Sergio regarding EATS and ESV... I tried to get in touch with EATS today. I think something might be up with this statement in one of their recent press releases. >>Eateries, Inc. expects to open 6 to 8 new Garfield's and Garcia's restaurants in 1998 as well as pursue acquisition of another multi-unit chain of restaurants. The Company has retained the investment banking firm of J.H. Chapman to assist in any such transaction.<< Recent stock movement tells my gut that something might be happening. Last time that happened was APCO and we know what happened there. :>) Another possibility might be the 10k coming out soon. I also think that the recent acquisition might have been accretive to earnings and may actually show more of an increase than previously reported. ESV... When looking at the first quarter numbers for ESV I was surprised to see ESV respond the way it did based on it's numbers. As far as a KNEE JERK reaction to the sector as a whole maybe. I defer to your expertise in this area since oil is not my strong suit. Here are some things that lead me to believe it was a over reaction. Any input? Afterall, we know I only cover APCO :>). 1. First Call estimates .58, they report .61 diluted 2. Balance sheet on release looked great. Especially like the fact that they grew Rev's by 35% while only increasing G/A expenses by 14% 3. ESv is heavily involved with Natural Gas aren't they? If so, even though both oil and gas are going lower, Natural Gas isn't being hit as hard is it? If it isn't, oil prices would not effect ESV as greatly as other oil stocks would it? 4. Given the recent quarter's increased earnings per share, it gives ESV $2.00 a share for the last 4 quarters giving it a current trailing PE ratio of 13.31. ESvappears to me to be undervalued. How far off am I. Cary