Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: double-plus-good who wrote (51464)	9/20/1999 2:33:00 PM
From: in_outdaily	Read Replies (1) of 95453

Re FGI: The biggest problem I see with this company is the announcement that the CEO is retiring. I suspect that this hangs as a cloud over the typical investor's head for 3 reasons: 1. Lack of continuity of leadership 2. The CEO huge % ownership may further depress the stock when he decides to sell. 3. Backlog Combine that with this merger and you get $10 FGI stock. If you're long term, I suspect that FGI under $10 will pay handsomely after the 3 above issues are resolved. BTW: I'm long HLX... Loved trading FGI earlier this year! My 2cents Bill

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