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

To: Robert S. who wrote (30362)	10/5/1998 11:10:00 PM
From: John Carpenter	Read Replies (1) \| Respond to of 95453

ESV is expected to earn $1.00 next year. A bear on ESV thinks that they'll earn only 30 cents next year which is 16 cents below the lowest Street estimate. O.K., let's use 30 cents as an example(which is probably significantly understating actual EPS). This is $43,000,000. Just for fun, I took YHOO's 1999 estimate of 46 cents, multiplied it by the number of shares outstanding and guess what- YHOO is expected to earn $43,000,000 next year. So, if ESV comes in 70% below expectations for the entire year, they'll still earn what YHOO is expected to earn. Why YHOO sports an 11.786 Billion market cap, while poor ESV commands a measly 1.418 Billion market cap is beyond me. Maybe if ESV changes its name to Ensco-Online or starts selling rigs on line, the market cap will increase by a factor of 10-30 fold.