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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (54565)11/12/1999 4:11:00 PM
From: Andrew Brockway  Read Replies (1) of 95453
 
Slider: MDR - "has insurance for these product liability claims"

I don't think the company would make the following statement if insurance was going to cover the claims:

This could have a ``material adverse impact' on its financial position and business prospects, the company said.

Buying by the usual suspects on our thread won't be enough for any type of bounce. Big buyers won't step in until they get further info from the company. Maybe we'll drift back to 9 1/2, but any move to something like $13 is not going to happen until the water is safe. I haven't bought (since the decline) any yet, maybe Mon. morning if there is still some selling I'll take a look.

Andrew
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