Grifco Inc (GFCI)

[back2basics]

I think GFCI's profits will be higher than industry norms, mainly because many of their products are rental items. They make most of them in Company owned shops and rent them over and over. I know the revs & earnings given in the March 3rd PR have never been verified by SEC filings, but BBB isn't pulling .35% out of the air. That was about what was reported in the PR.

About the rental day rate for the Jet Motor. If it performs as advertised, it's main competition is the MacDrill. It rents for $5000 - $5500 per day. I've been told that by reliable sources in the industry. It can probably be verified with a little Googling. Again, BBB and Jim Dial didn't invent a day rate of $5000 for the Jet Motor.

About Libya. The $20mm order that has been kicked around is not for tools that will be made in the new Libya manufacturing facility. It is a "kick start" order that will be filled from products that will be made in Houma and Scott. GFCI is not a year away from starting to fill that order. Also it is a minimum order. If the Libyan National Oil Company needs GFCI /Global products in excess of $20mm , they will buy them.

American oil industry companies don't work internationally so they can make the same profit margins they can make back home. They go because of the opportunity to make larger profits.

Folks, don't sweat Dr. Bill. In my opinion he is here because he has a platform to show his brilliance. As long as people engage him and as long as he has Lentiman expressing his love for Dr Bill's negative posts, Dr Bill will be here.