Friede Goldman Halter (FGH) Message Board

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Gold/Mining/Energy : Friede Goldman Halter (FGH)

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To: Yogizuna who wrote (75)	8/23/2000 6:53:34 PM
From: Mark Adams	Read Replies (1) of 177

I think we've seen the worse for FGH with the last quarter writedown in anticipation of cost overruns. Always possible it could go to zero, but I think they'll get it together and return to profitability. I took on an additional 1/3 on the dip related to the withdrawal of bond offering news release. That happened to be one of those stories that could be either negative or positive depending on one's perspective. Either they need the money so badly the market demanded their first born, or they didn't need the money badly enough to yield their first born. Time will tell.

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