To: SargeK who wrote (36 ) 3/10/2000 9:04:00 AM From: SargeK Respond to of 177
Slider Focuses on FGH Problems, AGAIN! Slider on Yahoo (talking about the conference call scheduled for March 16th): "Trust me filter; no one gives a shit what Holloway "SAYS" - they will only care about what the numbers say - period. The time for talk is gone... the white hot spotlight is on new orders, the backlog and the quality of earnings along with their ability to bid, build and deliver profitably and on time." messages.yahoo.com Comments: Is there an echo in here? Of course, there are no earnings at the MOMENT! In acquiring Halter, Friede Goldman took the bad (substantial losses with the 2 Halter 4th generation semi's) with the GOOD (acquisition of vast shipbuilding capabilities during a segmental, cyclical downturn). Coupled with expenses of merger costs, consolidating assets, and the process of appraising and identifying non-core/non-strategic assets for liquidation (read debt reduction); earnings were sure to suffer, temporarily. The question regarding the EXTENT of these costs has already been answered. The process of growing a 700 pound gorilla cannot logically/rationally be measured in day, weeks or months. Mr. Holloway has strategic plans for developing "THE SUPERSTORE" for vessels and related equipment needed to conquer the new energy frontier of Deep Water exploration and development. The real question remaining, is will he succeed? Progress to date, indicate an overwhelming "YES"! 200m+ in new orders coupled with inquiries and bidding activity running at all-time high levels virtually assure the WORST can now be seen in a mirror. As TDW announces the WINNING CONTRACTORS over the next several months in its $300m new build and modernization program, FGH is expected to be the leader of the pack. I predict that this is just one of many projects which will benefit FGH. It is time to put away the microscope and LOOK thru a telescope. The future for the Company over the next several years appears to be extremely bright. While other segments of the industry face heavy competition among themselves; Friede Goldman Halter is singularly unique in its own bailiwick. The time to accumulate shares in a $40 to $70 stock is when (if one can be so lucky) it is selling in single digits. While there is nothing wrong with this message board's preoccupation with short term trading activity, what is often OVER LOOKED are the opportunities for LONG TERM accumulation of VALUE assets at distressed prices. WHEN the questions, PARROTED by "THE MOUTH" have been answered, and the "Show me the Money" crowd have been SHOWN THE MONEY; the stock will have EXCEEDED old highs BECAUSE it is exponentially LARGER and more technically advanced than any of its peers, anywhere on the globe. It may take one or two years to reach this plateau; but, WHEN it hits $50.; that represents a 7 or 8 bagger from yesterday's close of 6 7/16. I may have been a day or two premature in forecasting resumption of the up trend; but, precise timing is NOT necessary to achieve long term objectives and rewards. 50DMA 6.37 (Primary Support) Closed a tick above this level yesterday 10DMA 6.24 (Secondary Support) ? Held yesterday and the day before 100DMA 7.52 (First Resistance) Came within 3/16 of this resistance a few days ago 200 DMA 10.22 (When penetrated in the second or third quarter, it will provide the spring board for the significant increases to follow.) Good luck SargeK BUY LOW! SELL HIGH!