Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (54566)	11/12/1999 12:13:00 PM
From: Sunny Jim	Read Replies (1) \| Respond to of 95453

re: MDR, sellers are looking at the hole and not the donut. I just re-read the press release and the donut is that they have $512 million in cash+investments and only $457 total debt. The backlog increased from $2.6 to $3 billion which you all know. The apparent hole is that cash dropped by $576 million as they bought the minority interest in J.Ray, and that they asbestos claim requests are increasing. Sounds like the tobacco lawyers are moving on to other fields (how's that for a good pun?).