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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (21779)	5/11/1998 1:22:00 PM
From: jbe	Respond to of 95453

Re: Gdorian's recommendation of GLM and ESV: I wonder what screens they use. Any ideas? Yes. I suspect that Mr. Gdorian (a retired accountant with a mission) is using screens very similar to Telescan's pre-set growth screens, and then throwing in the peg ratio. Observe! Screen One: Rank Long-Term Growth (Components: annualized 5-year projected EPS; 5-year EPS growth; 5-year sales growth; 5-year cash flow growth; next fiscal year projected earnings; 3-year EPS growth; 3-year cash flow growth; 3-year sales growth.) Among top 25: ATI! (There you go, Chuzzlewit!) Also, of oil service companies, GLM and RIG. Screen Two: Rank Long-Term Growth + Highest Possible Company Growth Ratio (=Lowest Possible Peg Ratio) Among top 25: ESV, GLM. (ATI & RIG, at or near "fair value," eliminated from this round.) Screen Three: Rank Short-Term Growth (Components: current fiscal year projected earnings; next fiscal year year projected earnings; 1-year cash flow growth; projected EPS % change next quarter; projected EPS % change current quarter; EPS % change last quarter; EPS % change 2 quarters ago; 1-year sales growth; 3-year earnings growth.) Among top 25: GLM (1st place), ESV (5th place), DO (11th place). (ATI and RIG do not place.) Screen Four: Rank Short-Term Growth + Highest Possible Company Growth Ratio (=Lowest Possible Peg Ratio) Among top 25: Same line-up. DO (2nd place); ESV (5th); GLM (10th). Voila! (I have no idea how those other two companies got onto Mr. Gdorian's list, and, frankly, I don't care.) Who needs a retired accountant and his "proprietary methods" (hummph!), when you can do all this yourself? Any kind of screen you run, whether for "growth," for "value," or for a combination of the two, will turn up oil service companies (most frequently, ESV and TDW). Here's one specifically for you, Chuzzlewit, using criteria that you say you consider important. Screen Five: Lowest Possible Price/Cash Flow Ratio; Highest Possible Company Growth Ratio (=Lowest Possible Peg Ratio); Total Debt/Equity Ratio, from 0.0 to 3.5) Among top 25: DO, ESV. (Throw in free cash flow per share as a criterion, and only ESV remains.) jbe