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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: paul feldman who wrote (56565)12/9/1999 12:31:00 PM
From: enervestor  Read Replies (1) of 95453
 
Thanks Sarge and John T.
Unfortunately, I had managed to get into BHI just before their earnings warning so I caught both barrels of bad news. I agree with Slider that this isn't really a major disaster operationally, just the image problems with Wall Street and fighting the bloodsucking lawyers sure to pounce. However, I think when this sector heats up BHI will get drug along with HAL, SLB and the rest. It may initially be a laggard, but after everything else moves investors will be looking for something cheap and here it is. I also believe that time will occur much sooner than the recent OSX action would indicate. After Jan 1, the institutional managers have to figure out how the make money in 2000 instead of window dressing 1999 positions. Anyway, who bought BHI for its 1999 earnings?
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