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Precision Drilling Corporation Message Board

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  • manboking manboking May 21, 1999 10:20 AM Flag

    Trend Positive now

    Teddy_langdon....estimates by analyst currently
    place earnings in the .06 per share range, and 0.75 for
    the year. The purchase of Computalog may change the
    next quarter results, so we have to wait for the
    numbers. I feel the stock can support a 25 multiple since
    the markets look ahead 6 months to a year, and the
    fundamentals (rig activity), are now improving from very
    depressed levels, therefore I would use this quarter as a
    benchmark (low point), and compare it to the following
    quarters to determine the new emerging rate of growth.
    Yahoo ranks PDS as No.2 in a field of 25 companies.

 
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