Slider: "then, maybe then, they will have finally turned the corner."
Let's see from 4 7/8 to 8 is only a paltry 64.1% from the all time low set 3 months ago AND it is just now picking up steam!!! >g<
As far as the analysts' questions, I thought I had already ask the biggies:
1. Will FGH recapture the $12.8m charge they took in 3Q/99
on Ocean Rig contracts which "they" say they will now break even or make a profit?
2. If the final settlement in the Petrodrill dispute results in a like finding of "Ocean Rig", will the massive charges taken in 4Q/99 be recaptured this year and next (as work progresses) with the revised delivery dates.
I think most of the charges will be recaptured and, if so,
EARNINGs this year and NEXT will be significantly augmented. Throw in some more new biz like some of the TDW $300.0 million OSV new builds to be announced this year and FGH can have a helluva year!
Incidentally, speaking of analysts, a major brokerage firm who covers this issue extensively, stated (just 3 months ago) there would be NO orders for OSVs until the first half of 2001, at the earliest. They must have forgotten to consult with TDW (the world's largest, offshore service operator)..
With the agreed extensions in the Ocean Rig and Petrodrill contracts, it appears to this "Analyst" that FGH has under contract MORE business than all the competition combined.
I like HAM, I'll leave the SPAM to you with your vast experience in that arena. >g<
SargeK
PS By the way, @ 8, FGH is only UP 167% from your repeated calls of "3" >>>>VVVBBBGGG<<<
Who was it that said? "It's the price of crude, STUPID". I believe it was Big Dog! >g<
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