SI
SI
discoversearch

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.
Technology Stocks : Veeco Instruments-Who? -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (1748)1/26/1999 8:50:00 PM
From: Bruce A. Thompson  Read Replies (2) | Respond to of 3069
 
Zeev,

While I know the oil patch is in bad shape, I also see what appears to be a good value play in FGI. More cash than debt. Bottom of the third bounce. Just moved to the NYSE Dec 1. Backlog of business. (rig repair) Increasing profits. Selling at 2 year low. Mkt Cap $267MM. Shares 24.5MM. Float 12.3MM. 51% held by 2 insiders. EPS $1.14 and climbing. BV $3.06. Sales 11.45MM and climbing. I'm sure there are lots of deals like this in the oil patch. The question is timing. Any ideas?

Bruce