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: SliderOnTheBlack who wrote (60704)	2/22/2000 11:09:00 AM
From: SliderOnTheBlack	of 95453

ROFLMAO ~ - now JL goes "GOODWILL HUNTING" !?!?!? What a POS FGH is... <<<<As previously announced, any costs in excess of the contract prices related to the Petrodrill contracts will be reflected in the purchase accounting treatment of the acquisition by Friede Goldman of Halter Marine Group, Inc. and accordingly, costs in excess of the original contract price will have the impact of increasing goodwill, which will be amortized over a 25 year period>> YEAH ! - that's the ticket; lets load up Goodwill with future charges and amortize it over 25 damn years ! - would you buy a damn mutual fund; if they "hid", or err - could "technically" hide, or errr - put, their losses, or charges onto this magical little accounting line, called "GOODWILL" and then amortize them over 25 freeking years !?!?!?! ... that was a rhetorical question for the mouthbreathers. ... Mavis you left too soon - you're going to miss the really JUICY stuff on FGH going forward. JL HOLLOWAY ought to be down on his knees thanking God for FASB !!!! ... on his damn knees !!! NOW, does ANYONE will a double digit IQ - really wonder why there was only 14% Institutional Ownership in FGH, or why over ONE MILLION SHORTS have not yet covered a TRIPLE in shorting FGH ? - people, they are waiting for ZERO imo. Wise up folks - while you still have some money left... remember HMAR ?

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