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

To: jim p. holcomb who wrote (1480)	9/13/1998 11:37:00 AM
From: Gottfried	Read Replies (2) \| Respond to of 2005

Jim, good to hear you haven't lost faith! Earnings drive any stock long term. Projections for '99 show declining earnings. What is your reasoning to expect substantial stock appreciation? Is it based on thinking the estimates for '99 will be revised upwards? Or do you expect earnings to increase in 2000? We all remember the terrific runup of this stock last year was based on thinking day rates would rise forever. I still think Ensco is a well managed company and expect great things from the new rigs they're building. Gottfried I sold half my ESV a couple of months ago and put the $$ in EVI, just to diversify within the sector.