YEEHAW CANDIDATES Message Board

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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Ken W who wrote (581)	11/22/2002 7:53:51 PM
From: Ken W	Read Replies (2) of 23958

Sergio SOSA, a little more...this company has some problems that I don't think we want to deal with. "Commenting on the quarterly result, Niels G. Stolt-Nielsen, interim Chief Executive Officer, said, "The result for the quarter is extremely disappointing. We have been too optimistic when calculating cost and time and have failed to make reserves for delays and faults of subcontractors nominated by our clients. This has resulted in cost over-runs and operational problems on projects and a delay on a major pipelay contract in Nigeria. In addition we have a continued weak market in the Gulf of Mexico." That is from the Oct. 7th report. Top management is being replaced AND the parent company is being investigated by Treasury for trading with Iran. I think we should pass, regardless of TA or basic assets. Ken

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