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


To: Bucky Katt who wrote (25376)7/9/1998 11:01:00 AM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 95453
 
VSEIF...

Can't compete against institutions if they have non-public news on this ... kind of a reason to take these guys out & shoot them; if they didn't pre-warn of a nightmare... or it comes out later today or tomorrow; after the big guys got out....

Their Boone Geophysical division alone is worth more than $2 a share as it is now doing 50% +/- of revenues & earnings. These guys just had a great quarter, made another good acquisition and were the bargain in the seismic area. PE is so low it doesn't make sense now, way below book and way less than 1 times sales... either the buying opportunity of year (hey, this aint no TCMS or is it ?) or some big bad news on the order of accounting irregularities ? etc. - nothing else could drop this 60% in 24 hours !?

Now a definite buyout candidate at this price - cheap, cheap entry into a nice Canadian niche & Boones GOM/Texas market... would make a nice buy for SEI, EGEO or VTS -- especially if they need cash - allthough I think their last quarterly showed decent cash...?

I'm taking a damn vacation from this.... The 3 best damn values here -- EVI, CDG, FGII all down $1 off good supply news, oil up ??? go figure.....I'm going to start monitoring weekly... I think I'm done buying...time to wait it out. This is beyond comphrehension *#@)!$%&*#! let the damn shorts get it all out of their system....