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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Stephen L. Smith who wrote (22251)	12/31/1998 12:31:00 PM
From: Chuck Molinary	Respond to of 50167

Stephen, Earnings and valuation caused me to buy TMAR. There is a good post from yesterday or today on the TMAR thread (there aren't many so its easy to find) which highlights everything. EDIT: From the TMAR thread: [Book value is $14.04, for a price/book ration of 0.32. Of the $14.04 book value, $1.20 is in cash. The company will still make money in the current environment, and has a current year P/E of 3.8, and a forward P/E of 9. Price/sales ratio is only 0.49.] That combined with my belief that we at or near bottom for oil prices is compelling. At this price, I don't see a lot of downside and the upside is for lack of a better term, huge. (Just checked and it's up 9% today, cool!) I'm in at an average of about $7.30 so I'm underwater too. I considered selling this one to help offset 98's gains but the upside is too good. Hope this helps, ctm