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Parker Drilling Co. Message Board

  • yahoo yahoo May 11, 2005 8:40 PM Flag

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    • By: Manboking1
      Date: 8/18/1999 10:44 am EDT


      To arrive at a fair price for PKD,
      in case of
      consolidation,
      based on book value of $4.40
      as last
      reported on 6/30/99.
      Times the mean average value of
      1.8 book value,
      we arrive at a fair price of
      $8.00 aproximately.
      With a probable range from $3
      1/2 to $ 12 3/4,

    • Thanks for your response. I usually do well at "it depends". It made perfect sense to me. <G>

      dabum

    • Hey, You've made me blush! Easy on the praise, or
      I'll start believeing it.

      <what is an
      acceptable debt ratio, to me?>

      I will asume that
      you are talking about corporate debt, not
      mine?
      The question is too broad for me to answer
      definitively. Variables, such as the industry and the
      historicalperformance of said co. would be key considerations. Also
      important is, at what stage in the cycle was the debt
      proceeds spentand at what cost was the debt was incurred?
      Where are we in the business cycle is critical. For
      instance, I can abide the same debt/equity ratio on OSS,
      that I couldn't stand 6 months ago. GW at 100% and FLC
      at 200%, not long ago, were entirely unacceptable.
      Now I can stomach those numbers because their
      businesses are improving close to the rate of interest on
      their debt. Hopefully, the rate will soon exceed their
      interest rate costs and the debt will prove to be positive
      leverage.

      Then one
      day...........................the cycle in the oil patch will turn down again. It
      always does, right?

      I'm not trying to avoid the
      question (and will gladly continue with more)

    • Phew!!! The accolades continue to come your way.
      Just to name a few; full of hot air, contrarian
      indicator, cantankerous old bastard, and my favorite,
      "redneck". LOL

      Living here in SC, I know what a
      redneck is, and "you ain't no redneck Bubba".
      ROFL

      Well Mr Kollmnh, I'm not as smart as a lot of people.
      In fact, I'm stupid enough,... to be smart
      enough,... to know that you know what you are doing. And I
      know you don't need me standing up for you, but I
      believe in giving "DUE" where "DUE" is earned.

      I
      would have to agree with Chas77. "Sir" is a title more
      conducive to your knowledge of investing. Anyone, including
      me, can get lucky with an investment or two, but
      you've been consistently good at your picks.

      I
      have a legitimate question for you regarding debt. My
      acceptable debt ratio has been 1.5 and below. Would you tell
      me what amount of debt is acceptable to
      you?

      Thanks in advance.

      dabum

    • Magnificent posting Red_Ant,
      shows you did your home work,
      Koll got to like that...LOL.

    • In addition to Value line's limited listing, the following were also below book values, at their lows:
      ESV
      GW
      KEG
      PESC
      PTEN
      UTI
      TMAR
      FLC
      RIG
      PDE

    • at the very lowest point, only 8 firms in
      value-line were temporatily below book
      value:FLC,RIG,TDW,VRC,RDC,ESV,Weatherford, and PKD

      now
      BJS, RDC, ESV, VRC, Noble
      Drilling__2 times book value
      (approx.)
      Baker-Hughes___3X
      D0, GLM,SLB,
      NBR___3X
      FLC__1.6X
      PKD__1.2X

      at 1997 peak
      PKD___4 times book
      NBR, RDC,
      DO___6X
      GLM, FLC___7X

      it's tough to buy at book because
      things look so bleak, plus, in the past, companies, like
      PKD, have stayed at book value for several years

    • type in Parker Drilling, you get PKD and the convertible bond, the number is
      PKD5H04

    • Does someone have the trading symbol for the convertible pfd stock. Sounds as if it has made a good run for now.

      Thanks

      WCJumper

    • To arrive at a fair price for PKD,
      in case of
      consolidation,
      based on book value of $4.40
      as last
      reported on 6/30/99.
      Times the mean average value of
      1.8 book value,
      we arrive at a fair price of
      $8.00 aproximately.
      With a probable range from $3
      1/2 to $ 12 3/4,

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PKD
3.12-0.09(-2.80%)Jul 6 4:03 PMEDT