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To: SargeK who wrote (32908)	12/17/1998 7:56:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

SargeK; ie: GIFI... Sarge; ...good line of thought on the replacement module. The critics have been hammering the fab companies for declining/smaller backlogs. Especiallly; they've been hard on not only large Fab co's like HLX, but especially so on the smaller cap companies like GIFI, TCMS with their Fab work and on small mfg. companies like IIR. GIFI's CEO had made statements earlier concerning their reduced backlog. Traditionally they've not been one to focus on huge backlogs, but use a quicker ''turn.'' They did however comment that the amount of business on which to bid, has been reduced due to market conditions etc. They however, have no long term debt & have good margins including a 31% return on equity. You might call their IR person on their expectations on getting the contract to replace the module - seems allmost a given to me... Also of note Sarge; GIFI's ''insider'' option price is $7.50 -- anytime ''we'' can buy near that figure - pretty much answers any ''value'' questions in my opinion. Hard to go wrong here at $7-8-9; especially with the recent level of $18 off the prior sell offs. good luck GIFI: contacts Address: 583 Thompson Road Houma, LA 70363 Phone: (504) 872-2100 Fax: (504) 876-5414 Industry: Constr. - Supplies & FixturesSector: Capital Goods Employees: 1,250 Officers: Alden J. Laborde, Chmn. Kerry J. Chauvin, Pres./CEO Joseph P. Gallagher III, VP-Fin./CFO/Treas./CAO/ Secy. William A. Downey, VP.