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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Knighty Tin who wrote (150838)2/12/2002 3:22:57 PM
From: Joan Osland Graffius  Read Replies (1) of 436258
 
Kt,

Looks like you and I are looking at the Normandy hedge book differently when evaluating debt to net capital. I know - I know - my evaluation is not exactly according to accounting principals but somehow the book has to be dealt with - buying it back or delivering future production. Normandy's hedge book has to be one of the largest relative to production in the industry.

Joan
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