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

To: Chas who wrote (28456)8/27/1998 12:43:00 PM
From: STEVE  Read Replies (1) | Respond to of 95453
 
TMAR looks pretty attractive at these levels, $6.25 - PE below 3 if that means anything in the Oil Patch these days. Isn't this stock worth 9-10 dollars if they liquidate their assets?

This looks to be a pretty good play (risk/benefit) in this sector but
I would appreciate any comments as most of you seem to be more knowledgeable about this sector then I.

Any thoughts??

Steve



To: Chas who wrote (28456)8/27/1998 1:53:00 PM
From: D.J.Smyth  Read Replies (1) | Respond to of 95453
 
<<Fourth, Fidelity Select Energy Services Fund, and its brethren, will not be having much success attracting investment in the coming months by showing investors its recent track record.>>

that's just the point to buying mutual funds. you don't buy immediate past track records, you buy sectors with previous good records that are trading significantly lower. at least this is how one generally makes money.


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