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: Razorbak who wrote (40940)	3/26/1999 9:44:00 AM
From: BigBull	Read Replies (2) \| Respond to of 95453

You got that one right, Razorbak! Since you were looking for "Blood in the Streets", HLX is a veritable slaughterhouse, but somehow I don't think you'll be buying this one. <vbg>

To: Razorbak who wrote (40940)	3/26/1999 1:14:00 PM
From: S. maltophilia	Respond to of 95453

HLX gets more revenue from boats than rigs, though rigs are potentially more profitable: From latest 10Q: Nine Months Ended December 31, 1998 -------------------------------------- Engineered Vessels Rigs Products Total -------- -------- ---------- -------- (in thousands) <S> <C> <C> <C> <C> Operations: Contract revenue earned.............. $392,751 $282,281 $84,772 $759,804 Cost of revenue earned............... 357,118 265,110 70,444 692,672 -------- -------- ------- -------- Gross profit....................... 35,633 17,171 14,328 67,132 Selling, general and administrative expenses............................ 29,964 9,153 6,332 45,449 Amortization of excess of cost over net assets acquired................. 455 1,521 2,624 4,600 Other, net........................... (57) -- (46) (103) -------- -------- ------- -------- Income before interest and income taxes............................. $ 5,271 $ 6,497 $ 5,418 $ 17,186 ======== ======== ======= ========