Friede Goldman Halter (FGH) Message Board

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

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To: Mark Adams who wrote (94)	10/27/2000 9:04:35 PM
From: Adelantado	Read Replies (1) of 177

Today's news is that the company is trippling its debt so that: "This new credit facility will allow us to focus on our primary objective of building profitable backlog'' said John Alford, president and chief executive officer of Friede Goldman Halter. ``We are confident that the market is turning and we are positioning the Company to take advantage of all opportunities.'' This implys to me that right now there is an unprofitable backlog, or no backlog at all. What kind of backlog does a ship refitter have, anyway---orders pending to repair, boats sitting in the yard waiting to be worked on,.....?

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