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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Big Dog who started this subject	6/28/2002 8:52:32 AM
From: Big Dog	of 206266

RBC Capital on MDR: RBC Capital Markets We are raising our rating on MDR shares to Outperform following a 44% decline on June 26, and management change. We believe MDR shares could trade into the $8-$10 range with a $15 price target. The over-reaction was due to a misinterpretation of B&W asbestos issues. Investors incorrectly inferred the plaintiff's competing reorganization plan would target assets beyond B&W (i.e., offshore construction). *We are reducing our 2003 EPS estimate to $1.00 from $1.15.

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