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: in_outdaily who wrote (54527)	11/12/1999 10:01:00 AM
From: SliderOnTheBlack	Read Replies (3) of 95453

MDR; patience... HAL, BHI, BSNX all went to free fall - not to this degree but; I don't think the stock will stay at $9-11 long; I certainly would say from a breakup, or NAV valuation alone; it would be ridiculously undervalued; probably the lowest Price to sales ratio in the entire Energy Universe... At $9; I'll double down to a large, but not irrational position; bring my basis from a tick below $15 to $12 - and I'll hold $12 MDR for as long as it takes... or, I'll just be a "Call" buyer here - and not the common. Could be one hell of a homerun on the "calls" on this one; but - obviously this stock has some panic sellers right here... so; maybe those not yet in - should stay out ??? The asbestos litigation doesn't seem like its going to impact this company to this degree; impossible given the subsidiary structure imho; but - curious to see analyst reactions... this isn't Bopol India after all ??? I wouldn't take any ridiculously large positions, but I'll be happy with $9- $12 MDR for a longterm hold. ugggggh.

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