Malvin Spooner Wenzel Downhole Tools WZL-T DON'T BUY May 10, 2001

Manufacturer and renter of downhole drilling tools. Earned about $.08 per share in Q1. Looking for it to return to its 2005/2006 earnings of between $.16 and $.21 per share. 60% of its rental fleet is currently in the US and sees good growth here and internationally.

Provides down hole drilling tools, primarily for oil/gas directional drilling. Drills are considered the most reliable in the industry. Very good Q1 with eight cents in its first quarter. Thinks it can earn $.18 to $.20 this year.

Down hole drilling company that provides tools. Main product is a mud motor that is used in horizontal and directional drilling. Has about $.15 in earnings for the first 6 months of this year. Still offers decent value.