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Politics : Welcome to Slider's Dugout

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To: jim_p who wrote (9768)	5/20/2008 2:59:55 PM
From: Amark$p	Read Replies (1) of 50506

Having been a shareholder of Mesa, I hear what you are saying. However the real problem with Mesa was its debt, and you are correct Boone was an idiot for allowing Mesa debt to equity to exceed 80% as I recollect. Thus, Wall St took advantage of the situation and screwed Mesa shareholders/Pickens. So you are certainly correct, Boone proved to be a terrible manager while at Mesa. Nonetheless, I have now come to respect Boone Pickens opinion on energy. He is much better as an investment manager/trader than he was at running an oil & gas company.

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