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Strategies & Market Trends : CNHH ... Greece Shipping Company
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To: Big Dog who wrote (88)2/23/1998 11:56:00 AM
From: Ga Bard  Read Replies (1) of 92
 
Talked to Gerald about the Greece Shipping Deal. This was a sure deal and the Greece would not talk and it was non binding letter of intent and the time expired and the 20th came without a definitive agreement and it expired by it own terms. The board of CNHH decided this deal was more profitable and viable.

Also the profit margin should be substanually higher that the 10% net of the 1996 Greek Shipping. ALso since this is a service company it is hard to put a figure to the service since it is supply and demand.

I will be opening up a new thread shortly.

Happy Trading

GaBard
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