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

To: upanddown who wrote (56031)	12/4/1999 10:20:00 AM
From: SargeK	Respond to of 95453

Creating Shareholder Value John, biz.yahoo.com J. L. Holloway, who will serve as chairman and CEO of Friede Goldman Halter. ''Creating shareholder value is the foremost job for management, and we are gratified to have the endorsement of our shareholders for our strategic plans for the combined company. We believe that the timing of the merger could not have been better and that the company is in a strategic position to take full advantage of the improved market conditions we anticipate. This merger positions us as the global pacesetter in this industry for providing total integrated services.'' In announcing the merger, the headline read: “Friede Goldman Halter is World Leader in Design and Manufacture of Equipment for Maritime and Offshore Energy Industries.” biz.yahoo.com Your question was: “Sarge, I don't quite understand this statement:” “Mr. Holloway has stated repeatedly since the IPO 2 ½ years ago that his foremost goal was to increase stockholder value. He has done so in SPADES and continues to KEEP HIS WORD.” I equate “creating shareholder value” with building Stockholders Equity. Obviously Mr. Holloway doesn't control Equity Market forces that over reacts and reflects emotional perceptions and actions which often push share prices to EXTREME Overbought/Oversold conditions. Up from 10 to 45, down to 20, up to 44, down to 10, up to 20, DOWN to 7 11/16 (yesterdays intra-day and historic all time low), then recovered on STRONG volume to close @ 8 1/6. bigcharts.com The equity market is saying the Company is worth less now than at anytime in its history while at the same time stockholders equity has soared, UP 68.1% in Book Value in the past six months, alone. This is incredible! Mr. Holloway has established Friede Goldman Halter, Inc. as THE World Leader in this industrial segment. I didn't say that, the PRESS said it. In a nutshell, Mr. Holloway has created a world class company that has experienced exceptional fundamental growth while its stock prices (over which he has no control) have plunged to EXTREME undervalued/oversold condition. I have no doubt the Pendulum WILL SWING in the other direction, the only Question is: WHEN? (not if). See what happens when you ask me a simple question. >VBG< (I think I was set up.) SargeK FWIW - I would not be surprised to see FGH selling @25+ by mid April since all the issues which cloud this Company are anticipated to have been settled by that time.