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Gold/Mining/Energy : maverick (MAVK) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Tiemann who wrote (366)	10/22/1998 3:39:00 PM
From: Goolie2	Read Replies (1) \| Respond to of 432

Per Yahoo: Name:EISENBERG GREGG MTitle:Chairman of the BoardCompany:Maverick Tube CorpShares Remaining:94,708 Common as of 15-Mar-98 Transaction History DateActionBrokerSharesTypePriceValue15-Mar-98Bought (P)-10,000Common 15.81$158,100 (i) indicates indirect holdings ______________________________________________________________________ I was able to buy stock at $5.95 this week after earnings were announced. I feel pretty good that the chairman went long 10,000 shares at $15.81! I had owned this stock as an earnings/ price momentum play a couple of years ago when the stock started from this level and had a major advance on the back of a strong oil service sector. I had sold this stock at a hefty profit yet missed the major part of the advance. Now I look at the company as a value play. No expectation in the stock. Earnings estimates have been slashed. Oil service a week ago was all but written off. But this company was now trading below it's book value. Management has begun to cut overhead, and may begin to enjoy falling raw material (steel) costs. The downside of course is foreign competititon and a weak oil service group, but I believe these risks are already reflected in the stock. You also have a tax-loss sale candidate for the plethora of momentum players that had got caught long this stock before it's decline, but mutual funds must take their losses before the end of October. From a technical/price action perspective, the stock had failed to make lower lows on it's weak earnings report, and now has managed to rally above it's 50 day moving average. Once the stock gets thru some congestion at $8 the stock may begin a bonafied and sustainable uptrend. Regards, Goolie2