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Gold/Mining/Energy : Seacor Smit CKH Oil Services Fleet

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To: NewsTrader who wrote (8)10/9/1998 4:28:00 PM
From: Andy Patton  Read Replies (1) of 10
 
Nibbled at Seacor Smit today; bought at $31.25. I'm encouraged that the Bass family was (hopefully still is) holding a large chunk, as they're very astute. My price is below book value--so there should be a margin of safety--about 20%. Oil services companies look really undervalued...

-Andy Patton
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