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To: paul feldman who wrote (46159)	6/9/1999 11:37:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 95453

It is still the "go to yard", but there ain't nobody goin'. (You can have the number one best ice cream parlor in the world and you ain't gonna sell much ice cream in the winter during a snowstorm.) Don't get me wrong, FGI is top drawer in reliability, cost control, management and quality...but it needs to have business in order to make money. The backlog is being burned every day. And this is why the stock languishes. (Along with the cool reception of the merger with HLX by Wall Street.) There are two things that could make the stock move a bit...one is the eternal short position...when will this ever be covered? The next is the financing contingency on the 143 million ordrr...this puppy ain't out of the woods yet. Brazil is doing some second looks on contracts...everything points to this order making the cut, but anything can happen...I suspect FGI isn't getting much "credit" for that order. When its "firm" the stock may move higher...and that could happen any day. Also, we don't know how much high margin repair-type work the company is getting. Maybe they are chock-a-block, but I don't think so. big atoffshore.com