SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JessiDani who wrote (21961)5/13/1998 9:23:00 PM
From: Elmer  Read Replies (1) of 95453
 
Jessi, I think BHI is getting "trashed" because BHI has said the deal won't be accretive until the fiscal year ending 9/00. The deal is expected to be dilutive to fiscal 9/99 EPS by roughly $.14. Also, many people expect HAL to come in and make a higher bid for WAI and some people are probably afraid that BHI will then up their offer and make the deal more dilutive than it already is. Over the longer term this might be a very good strategic move for BHI, but the short-term minded market is probbaly just looking at the immediate dilution impacts and the large amount of cost savings that will have to be implemented to get it accretive by 2000 and is therefore skeptical.

I don't know technical analysis very well or BHI for that matter, so I can't help you with where the support lies. However, it seems that there are some very knowledgeable people on this thread with regard to TA that may be able to help you there.

Good Luck,

Elmer
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News