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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: jim_p who wrote (84794)1/19/2001 5:53:53 PM
From: ItsAllCyclical  Read Replies (2) of 95453
 
>> I wouldn't exactly call these TXLI investors light weights: <<

Point taken, but EEE is still cheap no matter how you slice it. Duke proposed selling the company back at $3 to maximize shareholder value. I don't think they'll settle for anything less than $4.

I'll be happy with $3.50, anything higher is just gravy.

TXLI also was much smaller and had a huge amount of preferred shares outstanding.

EEE should be able to command more a premium (compared to TXLI) due to it's size. I'm very comfortable I'll at least get $3.50+.
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