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: Gottfried who wrote (28808)	9/1/1998 10:06:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 95453

Gottfired, Gruess Gott! Agreed- but if you want really low P/S ratios check out the ECM's. Before today's action SCI the world's largest and most diversified contract manufacturer had a P/S ratio of 0.21!!! (No that is not a misprint!). Every ECM is similar FLEXF is at 0.42, HDCO at 0.34. (Check out the ECM Thread for a complete listing of ECM's)...Sheesh- they 'd have to lose over 50%+ of their current business just to bring their P/S ratios up to near 1.0. Bargain city in the value/growth area even if there is a worldwide recession.... In the straight value area- we are in it right here- oilfield service stocks. Someone asked me to calculate the salvage value of PTEN. I'm estimating the salvage value of an onshore drilling rig to be about $1mm/rig, since it has a lot less steel than an offshore drilling rig-does that sound OK to you mein lieber Herr??? Sincerely, Doug F.