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Strategies & Market Trends : Strictly: Drilling II
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To: mishedlo who wrote (25653)1/15/2003 5:58:36 PM
From: Frank Pembleton  Read Replies (1) of 36161
 
mis... I haven't run the numbers yet, but having debt on ones balance sheet isn't necessarily a bad thing. Normally I look for it, a debt/equity ratio between 40 to 60 percent will certainly give a speculator a "hotter" play than one without any debt at all. There's nothing wrong with a company using other people money (opm) to make money, they call it leverage.

I'm sure the markets would of reacted differently if the PoG was challenging $360 rather than $350. They really need to do a reverse split, I'd be more interested in day-trading it- that's for sure. But having said that, if you're gonna grow, do-it now! Thumbs up from me, for now, at least until I read the fine print.

Regards,
Frank P.
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