Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: SargeK who wrote (39107)	3/6/1999 2:14:00 PM
From: Think4Yourself	Respond to of 95453

Yeah, I think you and I are the biggest fans of GIFI and FGI. Actually it was just you until I took a look after reading one of your posts. Their numbers on both look outstanding, and FGI's management is top class (wish I could say the same for GIFI, but there is no information on which to base any conclusion). My concern is exactly the opposite of that of most of the posters today. There are a lot of rigs idle now, especially in the Gulf, so it will be awhile before any more are needed. With all the maintenance/upgrades being done now, what will happen to their earnings when those rigs are ready to go back to work or are working?? In other words, I am more concerned about NEXT years earnings than this years. Fortunately for me the ANALysts can't see past the end of their zippers, so these two should pop big when/if the industry recovers later this year.

To: SargeK who wrote (39107)	3/6/1999 2:24:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

Sarge-re FGI-I know next to nothing about FGI. Whatever I do know is more or less broad brush stuff...With that out of the way, ALL I am 'saying' (as in a question not an opinion) is that at present the 'consensus' eps guesstimate going forward is for $1.70 in 99 and $1.10 in 2000. So, using 2000, we are now at an 10-11 pe and of the 7 brokers covering it 4 have SB's, 1 a B and 1 H....When I look at that, I say to myself "they're too optimistic". In a cyclical industry at the bottom stock prise wise, I'd be anticipating the consensus number for 2000 to be slashed to more like 50c and most of the SB's to at least be reduced to B. ....The analysts all had SB's on SCSWF too -all the way down from the top-so their numbers are meaningless as a guage to what is likely to happen. I tell myself over and over again when looking at a cycical industry..Sell when the multiples are low and the analysts are mostly at SB..Buy when the opposite is true....I am not really questioning FGI per se here-just the concept.