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TETRA Technologies, Inc. Message Board

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  • ssam ssam Sep 17, 1998 10:41 AM Flag

    Big trade

    >>did you know that June, July and August
    were all record months from a
    completions fluids
    point of view? that represents a LOT of

    sales...growth in that business is hovering near 6-8% in a down

    You have not read the TTI report (or news release),
    haven't you? Even they claimed slow on sales for CaCl2
    last qtr. It will not get better this qtr since the
    oil price is heading lower. Please provide the source
    of your claimed 6~8% growth :)

    The only hope
    IS: either we have a war on any of the oil producing
    country in near term, or OPEC cut the production and
    boast the price up. Otherwise, the offshore drilling is
    not profit and no one in Golf will need the

    Someone mentioned asset palying here. Let me point out
    that, unlike oil producing company, TTI does not own a
    piece of oild well or land (hence the right) to drill.
    SO there is no actuall assets that is depreciated or
    discounted in the market.

    I am firm on PE of 10. It
    could head even lower depends on market. On the other
    hand, pay attention on TTI's day sales outstanding and
    inventory turn over. It appears to me they are head into
    south... Not a good sign, espcially for a company in
    seasonal business.

    My 2c

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