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sp0om said: "After doing some fairly rigerous screening about ... 3 weeks ago, I came up with 5 stocks: VIP, OIS, SCT, UNT, and HOV. HOV and VIP have already been discussed here, so I'd like to open the floor to the other three: OIS, SCT, and UNT. I'd be especially interested in hearing from the more technical oriented users here :).
[B][COLOR=Red]DISCLAIMER: I want to make it [B][U]extremely[/U][/B] clear that these are [B][U]not[/U][/B] buy recommendations. A fairly big chunk of the reason for even considering these stocks were their technical strength some ... 3 weeks ago (technical strength that is no longer pressent in all of the stocks). I'd just like to see how the analysis of others compares to my own. [/COLOR][/B]"
Darren said: "oil states looks very nice."
StockFreak said: "Yea i was looking at OIS a few weeks ago. Seemed like they had some nice year over year growth at a glance. Got distracted by the tear GW Grey Wolf has been on tho! :eek: Matter of fact the whole energy sector has been on a run."
HappyHarry said: "Energy is just one of those things that EVERYONE needs."
StockFreak said: "Wanted to mention i was looking at SCT this weekend. Growth looks outstanding for them, and thats what we are paying for in this game. A couple of things to keep in mind that i noticed [URL=http://moneycentral.msn.com/investor/invsub/analyst/earnest.asp?Page=EarningsSurprise&Symbol=SCT]#1[/URL] [URL=http://moneycentral.msn.com/investor/invsub/results/hilite.asp?Symbol=SCT]#2[/URL] notice the third quarter year over year eps growth in #2 Also reinsurance may not be the best neighborhood at the moment.
Just some input to kick around."
alhamid said: "re-insurance can in trouble very fast these days with terrorists and hurricanes"
AlfredSokol said: "I'm not too sure about the numbers."
sp0om said: "[QUOTE=StockFreak]Wanted to mention i was looking at SCT this weekend. Growth looks outstanding for them, and thats what we are paying for in this game. A couple of things to keep in mind that i noticed [URL=http://moneycentral.msn.com/investor/invsub/analyst/earnest.asp?Page=EarningsSurprise&Symbol=SCT]#1[/URL] [URL=http://moneycentral.msn.com/investor/invsub/results/hilite.asp?Symbol=SCT]#2[/URL] notice the third quarter year over year eps growth in #2 Also reinsurance may not be the best neighborhood at the moment.
Just some input to kick around.[/QUOTE]
Good post :cool:"
StockFreak said: "There is an interesting article about hedge funds getting in to re-insurance in the WSJ today. Pg.C1"
trickynick said: "I am not a technical guy at all but I'll throw in some observations.
I like SCT and will probably buy it for the same reasons I bought EPZW when you pointed it out to me (which BTW is now up 48% in all of 14 days) and that is that their net tangible assets amount to 76% of their market cap. They have good fundamentals apart from that but that's the real kicker for me. There comes a point at which a company is trading so low that as long as the future does not look incomprehensibly bleak for them, they are worth buying at their current level. You guys who are saying that reinsurance can be risky are right, but on the other hand a point in time at which a whole industry is reacting badly to news floating around and preceptions of people who are outsiders to the industry can create opportunities to get in on levels at which there is good value for the price.
On OIS, I just can't get comfortable with their balance sheet. They are carrying too much debt, their cash postion is pitiful and there appears to be no indication things are getting any better. In 2003 their earnings increased by $2.9 million and their long-term debt increased by $4.7 million. In 2004 their earnings increased by $14.9 million and thier long-term debt increased by $37.6 million! I'll spare you the other things I noticed but sufice to say their are in my estimation a one step forward two steps back taking company which is limited in its ability to expand before they paint themselves into a corner.
I have to look into UNT before I have an opinion on them."
StockFreak said: "Nice break down tricky! You want a good energy play try XEC."
trickynick said: "[QUOTE=StockFreak]You want a good energy play try XEC.[/QUOTE]
Hehe! You obviously understand how I think now. Low P/E, solid earnings growth, asset rich and no debt. It'd be nice if they paid a dividend to top it off but that's no big deal, they still look pretty strong at first glance. I'll check it out some more."
trickynick said: "XEC: I just checked out their current PE relative to historic levels (they've been around since '02) and it would appear that the current level is a very attractive entry point."
sp0om said: "XEC: 23% short % of float. [I]Yikes. [/I]"
trickynick said: "[QUOTE=sp0om]XEC: 23% short % of float. [I]Yikes. [/I][/QUOTE]
Yeah, I saw that. That's going to generate significant upward pressure when those positions are covered."
StockFreak said: "Below $40 is 10 times expected full years earnings. Conservative analyst expectations on the Magnum Hunter merger could make us some $."
Airelon said: "Looks like the topic has been discussed well enough, I was just wondering if you would mind if plagerize that last bit for a tag at the end of my posts? :)"