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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (54456)11/11/1999 10:12:00 AM
From: GaAs52  Read Replies (1) | Respond to of 95453
 
MDR's Cash
From Q report:
<The company's net cash and investments at the end of the September quarter were $55.2 million, compared to $733.5 million at the end of the company's most recent fiscal year. >



To: SliderOnTheBlack who wrote (54456)11/11/1999 10:29:00 AM
From: Meridian  Read Replies (1) | Respond to of 95453
 
Hey Slider,

MDR bought JRM with their $11 cash. Subsea construction looks good, but there are better ways to play ... Stolt comex or Coflexip. MDR will most likely be higher rather than lower 2 years from now, but I fear that is past your investment time horizon.

gmbler



To: SliderOnTheBlack who wrote (54456)11/11/1999 10:43:00 AM
From: Gary Burton  Read Replies (3) | Respond to of 95453
 
Slider--MDR's cash hoard is now substantially depleted?--look at Q3 vs Q2 end--read their press release. No more $11/sh? --1991 low on stock was 15.25 amd 1995 low was 15.38 btw. Am holding my partial position


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