Eagle Geophysical (Nasdaq:EGEO) Message Board

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Gold/Mining/Energy : Eagle Geophysical (Nasdaq:EGEO)

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To: CoffeePot who wrote ()	7/31/1999 10:15:00 AM
From: Sam Miller	Read Replies (1) of 31

You have hit it right on the head. Backing out depreciation last quarter they generated positive cash flow. I don't see anything in the financials that leads me to believe they won't make it. There has been rumours on the yahoo board that they have a large receivable that hasn't been collected. Plus why would Heller lend them any money if they thought they were going down. I don't think Heller wants to deal with the collateral. I think they will get the financing they need. 4 analysts still have a buy on this with one a strong buy. The net assets are worth at least $2. Look at HMAR at $1.75 and its in worse shape than EGEO IMO. I have loaded up and will continue to do so if they bring it down further. Can you believe the sour grapes by Prudential? They are the only one with the strong sell. Do you know who the other analysts are following the company?

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