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Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: P.Prazeres who wrote (1356)	6/28/1998 12:11:00 PM
From: Roadkill	Read Replies (1) \| Respond to of 2005

>>Some one on YAHOO thread thinks ESV is going to $8.<< For the most part, the Yahoo thread is appropriately named. To get any analysis, you have to wade through the posts of a bunch of yahoos. Re $8 a share: If I've learned anything investing, it's that anything's possible. The falling day rates eat into operating margins -- more than falling revenues do in other industries -- because of the high fixed costs. I still don't think it's likely unless the threat of world-wide deflation is realized. One of the things I like best about ESV is the management. From what I've seen and read, they're competent and experienced. Any fall to $8 would likely be a result of a sector-wide issue, rather than an ESV-issue.