Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Art Bechhoefer who wrote (15080)	7/2/2002 5:45:16 PM
From: tahoe_bound	Read Replies (1) of 36161

Some of these companies are selling below book value. --------- It is the creative arrival of how they have arrived at book value that is suspect at best. The fundies still have a hard time accepting why the old pro-forma way of "presenting" the picture of company health is not working for them. It is a matter of trust. Distribution continues in a massive way, the technical picture "bears" this out, a positive spin a la the old way of doing things in the 90s is not cutting it any more. There is so much more to the markets than techs!

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