Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Jacob Snyder who wrote (4215)	11/19/2001 10:15:10 PM
From: isopatch	Read Replies (2) of 36161

Hi Jacob. Plots can always get thicker in takeovers, that's for sure. Am not even going to venture a guess on this one. Don't have a large stake in any player. But a moderate overall position in Newmont securities puts me in the camp that would prefer not to see a costly bidding war. Once ego takes over with some or the more control freak type executives, it's a lot like to much emotion overruling common sense and good DD in a individual investor. You usually end up making a bad deal, throw away a lot of time and money, plus make a fool of yourself in the process. Can remember the old Mobil management was like that. It was about 20 years ago. They wanted Conoco very badly. But Du Pont outbid them. Then rather than graciously accept the inevitable, the CEO started ranting and raving that he was going to buy Du Pont! Totally bonkers! Ruined his rep, and the whole Mobil mgt team eventually got the heave ho within a next few years. Hopefully this won't degenerate into a similar psycho-drama. Isopatch

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