Maverick Tube Corporation - Deutsche Banc Alex. Brown's Arvind Sanger Initiates Research Coverage

Apr 18, 2001, 01:00 ET from Deutsche Banc Alex. Brown

    NEW YORK, April 18 /PRNewswire/ -- Deutsche Banc Alex. Brown analyst
 Arvind Sanger launched coverage on shares of Maverick Tube Corporation
 (NYSE:   MVK)($26.00) with a BUY investment rating.  Maverick is the largest
 producer of welded Oil Country Tubular Goods (OCTG) in North America.
     According to Sanger, "Maverick is an attractively valued earnings growth
 story with a strong cyclical recovery and some consolidation benefits ahead of
 it."
     The following key points also support Sanger's positive opinion of the
 stock:
 
      -- The demand for Maverick's OTCG products continues to improve in North
         America.
 
      -- Pricing expected to improve.
 
      -- An increase in international activity will benefit Maverick.
 
      -- Access to the Canadian market through the Prudential Steel acquisition
 
      -- Other tubular businesses are still in early stages of recovery.
 
      -- Valuation is compelling.
 
     Sanger's 12-month price target is $33 or 13x his 2002 EPS earnings
 estimate of $2.50.
 
     Deutsche Banc Alex. Brown represents the Investment Banking activities of
 Deutsche Banc Alex. Brown Inc. (US) and Deutsche Bank Securities Ltd.
 (Canada). Deutsche Banc Alex. Brown and Deutsche Bank Securities Ltd. are
 subsidiaries of Deutsche Bank AG.  With assets of about Euro 940 billion and
 more than 98,000 employees, Deutsche Bank offers its clients unparalleled
 financial services throughout the world in over 60 countries. It ranks among
 the leaders in asset management, capital markets, corporate finance, custody,
 cash management and private banking. Deutsche Bank is organised in two
 customer-oriented Groups: "Corporate and Investment Bank" (CIB) and "Private
 Clients and Asset Management" (PCAM). The keys to the Bank's success remain
 constant: customer focus, the spirit of innovation, a broad range of product
 skills combined with technological power and financial strength delivered by
 highly skilled professionals.
 
     Maverick Tub Corporation is optionable.
 
     Information herein is believed to be reliable and has been obtained from
 sources believed to be reliable, but its accuracy and completeness cannot be
 guaranteed.  Opinions, estimates, and projections constitute our judgement and
 are subject to change without notice.  This publication is provided to you for
 information purposes only and is not intended as an offer or solicitation for
 the sale of any financial instrument.  Deutsche Banc Alex. Brown Inc. and its
 affiliates worldwide, may hold a position or act as market maker in the
 financial instruments of any issuer discussed herein or act as advisor or
 lender to such issuer.  Transactions should be executed through a Deutsche
 Bank entity in the client's home jurisdiction unless otherwise permitted by
 law.  Deutsche Banc Alex. Brown Inc. is a member of NYSE and NASD.  Copyright
 2001 Deutsche Banc Alex. Brown Inc.
 
 

SOURCE Deutsche Banc Alex. Brown
    NEW YORK, April 18 /PRNewswire/ -- Deutsche Banc Alex. Brown analyst
 Arvind Sanger launched coverage on shares of Maverick Tube Corporation
 (NYSE:   MVK)($26.00) with a BUY investment rating.  Maverick is the largest
 producer of welded Oil Country Tubular Goods (OCTG) in North America.
     According to Sanger, "Maverick is an attractively valued earnings growth
 story with a strong cyclical recovery and some consolidation benefits ahead of
 it."
     The following key points also support Sanger's positive opinion of the
 stock:
 
      -- The demand for Maverick's OTCG products continues to improve in North
         America.
 
      -- Pricing expected to improve.
 
      -- An increase in international activity will benefit Maverick.
 
      -- Access to the Canadian market through the Prudential Steel acquisition
 
      -- Other tubular businesses are still in early stages of recovery.
 
      -- Valuation is compelling.
 
     Sanger's 12-month price target is $33 or 13x his 2002 EPS earnings
 estimate of $2.50.
 
     Deutsche Banc Alex. Brown represents the Investment Banking activities of
 Deutsche Banc Alex. Brown Inc. (US) and Deutsche Bank Securities Ltd.
 (Canada). Deutsche Banc Alex. Brown and Deutsche Bank Securities Ltd. are
 subsidiaries of Deutsche Bank AG.  With assets of about Euro 940 billion and
 more than 98,000 employees, Deutsche Bank offers its clients unparalleled
 financial services throughout the world in over 60 countries. It ranks among
 the leaders in asset management, capital markets, corporate finance, custody,
 cash management and private banking. Deutsche Bank is organised in two
 customer-oriented Groups: "Corporate and Investment Bank" (CIB) and "Private
 Clients and Asset Management" (PCAM). The keys to the Bank's success remain
 constant: customer focus, the spirit of innovation, a broad range of product
 skills combined with technological power and financial strength delivered by
 highly skilled professionals.
 
     Maverick Tub Corporation is optionable.
 
     Information herein is believed to be reliable and has been obtained from
 sources believed to be reliable, but its accuracy and completeness cannot be
 guaranteed.  Opinions, estimates, and projections constitute our judgement and
 are subject to change without notice.  This publication is provided to you for
 information purposes only and is not intended as an offer or solicitation for
 the sale of any financial instrument.  Deutsche Banc Alex. Brown Inc. and its
 affiliates worldwide, may hold a position or act as market maker in the
 financial instruments of any issuer discussed herein or act as advisor or
 lender to such issuer.  Transactions should be executed through a Deutsche
 Bank entity in the client's home jurisdiction unless otherwise permitted by
 law.  Deutsche Banc Alex. Brown Inc. is a member of NYSE and NASD.  Copyright
 2001 Deutsche Banc Alex. Brown Inc.
 
 SOURCE  Deutsche Banc Alex. Brown