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Gold/Mining/Energy : UFAB - oil drilling deck fabrication
UFAB 2.900+1.0%4:00 PM EST

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To: Roebear who wrote (326)6/29/1999 11:36:00 AM
From: andrew r harwood  Read Replies (1) of 337
 
well it comes as no great surprise that unifab had a poor quarter .if you go back and look at previous notes made on the subject .in my opinion unifab will continue to do poorly and is one of the worst investments in the oil service sector.it will recover last and probable the least . as you will observe global industries has tripled from its bottom and over the long run will do well since it is a larger and much better run company .unifab in my judgement will continue to languish and do poorly despite the protestations of management .the oil service sector continues to be in a deep slump and the recovery in prices in my opinion has been too far too fast and likely there will be other negative earnings surprises .with the price of oil and gas holding up fairly well right now there is a glimmer of hope on the horizon but right now all these companies are suffering severely .
unifab in my opinion is still expensive at 8 ,it might be a buy below 6$ a share but just for trading purposes not for a long term buy .just my personal opinion of course .arh
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