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Starbucks Corporation Message Board

  • hot_shot_barbie hot_shot_barbie Jul 29, 1998 1:04 AM Flag

    OT RIG: Another goldmine?

    If anyone is interested in undervalued oil stocks
    I would seriously urge you to look at RIG. Despite
    beating the consensus earnings estimate for this quarter,
    having sales booked thru '99, a growth outlook that is
    better than SBUX for '99, RIG is trading at a PE 0f 17.
    Growth for '98 is projected at over 100%, next year at
    37%. The only reason I can see for the current price
    is the market overreaction to the low price of oil.
    This one may not follow Chance's charts (I honestly
    don't know) but it doesn't take a genius to see the
    upside potential.

62.19+0.23(+0.37%)Nov 25 4:00 PMEST