Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Harold S. who wrote (26932)	8/3/1998 5:07:00 PM
From: Robert Floyd	Respond to of 95453

I don't know enough details about Suits to really know about the value of the acquisition. It appears that UTI is gambling that it can keep these newly acquired assets productive until the price of oil and rates improve. If this gamble pays off, UTI would be nicely positioned. TCMS would have to have some really big payoffs to justify the price they paid and the risk they assumed via their recent acquisition. UTI has a better cash position and debt load to be taking such risks, and they probably didn't pay through the nose like TCMS!