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Gold/Mining/Energy : Harnischfeger (HPH) -- Ignore unavailable to you. Want to Upgrade?

To: Allan who wrote (14)6/11/1999 8:03:00 AM
From: John Soileau  Read Replies (1) | Respond to of 57
 
I got out over $9, whew glad I did. Got worried weeks ago after reading a post on Yahoo about unpaid vendors putting the company on COD. Now looking at getting back in at this level...but often the shares are
ultimately made worthless when a bankruptcy is finished up. Anybody know when a plan of reorg will be filed, so we know how the shareholders will be treated? TIA
John



To: Allan who wrote (14)6/11/1999 3:09:00 PM
From: one putt  Read Replies (1) | Respond to of 57
 
Allan -

From what I can gather, they currently have 47.9 MM shares outstanding with 23 MM float. Their book value is over $13/share as of June 10th. What are the odds of a buyout at these prices? Would competitors such as Voith benefit buy picking up HRH?

Regards~

TP


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