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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mike 2.0 who wrote (6392)	3/22/1999 10:56:00 AM
From: Don Earl	Respond to of 78519

ECGOF marketguide.com The company recently took a one time $1.73 charge due to an aqusition/joint venture that didn't work out. Current book value is $4.30 with $1.05 in cash. They are projecting .30 EPS for FY99. The company is more diversified than the typical oil services play, with subsidiaries in construction and waste management. They have a current work order back log of $275 million with an additional $28 million in recently announced new contracts. From the recently filed 10K: <<<<The Company, through its SRS subsidiary, has entered in four strategic alliances with established companies in Venezuela, France, Saudi Arabia and South Africa. These alliances will enhance the Company's ability to grow its other industrial support and specialty fabrication business internationally by providing the Company an international presence. Effective January 1999, the Company established an international marketing group headed by Besim Halef, a corporate Vice President.> <Besim Halef has been Vice President of Marketing since January 1999, having served as the Division President of MM Industra since June 1996. Between April 1994 and May 1996, Mr. Halef served as a project general manager for National Heavy Industries Limited, Saudi Arabia in connection with a project to build specialty fabrication facilities in the Kingdom of Saudi Arabia. Mr. Halef had served in various capacities at M&M Manufacturing Limited Partnership, the predecessor of MM Industra, between 1985 and 1994, most recently as the Executive Vice President and General Manager of that company from March 1991 to April 1994.>>>> At $1.50 per share ECGOF is trading at about 1/3 book value, has a forward PE of 5 and has solid potential for revenue growth going forward.