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Strategies & Market Trends : Paint The Table

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To: Jorj X Mckie who started this subject	12/10/2001 11:09:00 AM
From: Original Mad Dog	Read Replies (3) of 23786

Haven't been keeping up with the thread, so apologies if this has already been mentioned. HAL (Dick Cheney's old company) got hammered last week (from around $20 to around $12) on asbestos liability concerns. I don't know the details of the case involved other than that the verdict was $30 million. For a $6B market cap company (at the current price of around $14 a share), $30M is diddly. The concern is that the asbestos liability craze will expand to companies like Haliburton who presumably included it in equipment and specifications back when it was an accepted fire prevention tool. If you think the liability exposure is overblown, then at $14 a share the PE is below ten and it's an industry leader. Here's a five year chart: finance.yahoo.com I'd say it's either dying or will head significantly higher in the next year. Disclosure: I don't have any currently but am extremely tempted right now.

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