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Politics : Ask Michael Burke

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To: JHP who wrote (83732)9/24/2000 2:57:06 PM
From: Spekulatius   of 132070
 
I wouldn't touch FMO.
Its a weak player in a weak sector. High debt and lawsuits.
Its cheap for a reason. The car industry is in a down turn. Every car supplier except for Delphi has warned. Delphi has the best management and the best balance sheet and that's where I would look for a value play.

Grace (GRA) is a similar play to FMO in the chemical sector.Very cheap and asbestos lawsuits too but better operating results. GRA won't make its earnings because of high oil prices but the chances of recovery appear much better than for FMO.
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