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: shust who wrote (54699)	11/13/1999 10:35:00 PM
From: kormac	Respond to of 95453

From the Fool site fool.com "McDermott's management didn't attempt to quantify the higher settlement risk,so the market did it for them. In the end, the downward pressure applied to the stock over the past two days because of the asbestos liability may end up being an over-reaction, as 63% of the liability claims paid out in the last year were covered by insurance. But with the weakness in its core business not going away soon, calling the market's bluff on the liability front would be a gutsy move. Unless they bring a considerable amount of industry knowledge to the table, investors hunting for value in McDermott should tread cautiously." The article does not say that MDR's backlog has increased!!!