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To: SliderOnTheBlack who wrote (63845)4/5/2000 11:05:00 AM
From: parcival  Read Replies (2) | Respond to of 95453
 
thanks slider,
I have followed FGH for years and you nailed my sentiments exactly.

I am poised to unload.

parzival



To: SliderOnTheBlack who wrote (63845)4/5/2000 12:12:00 PM
From: SargeK  Respond to of 95453
 
Slider: "shareholders who got taken on the $45 to $5 ride, probably will be looking more closely at the "cyclical" nature to the high-times of the construction business."

I didn't take that ride. Mr Holloway with approximately 10 million shares (25% of the Company) did. With a paper loss of approximately $400.0 million (when it was $5.0) it is significant to NOTE, he has NOT sold one solitary share. I think Mr Holloway will get his money back and then some, ALL in due time!

O/T parcival... Be happy you didn't follow The Mouth's advice just a couple of weeks ago WHEN he was calling for a target of "3". At the current price of 7 1/4, he ONLY missed it by 142%!! LOL



To: SliderOnTheBlack who wrote (63845)4/5/2000 8:57:00 PM
From: Razorbak  Respond to of 95453
 
FGI + HLX = FGH (3 + 2 = 4)

Slider:

I think the other misconception is the merger itself; it may in reality have been two swimmers going down for the third time - deciding to cling to a mutual liferaft... and not the case of big ole' FGH buying HLX on the cheap as many view it to be...

There is simply no possible way to spin the HLX merger positively at this point - none. The crowning of DANE to succeed Holloway & the trumpeting of the formation of a new construction powerhouse; only to mere months later see the ouster of Dane & the liquidation of assets - was not a feather in JL's hat imho.


Some people may have viewed the HLX merger as the second coming of Christ, but not me. If you recall, Halter was one of my Altman bankruptcy candidates, and it was obviously in distress at the time of the deal...

Message 8438065

Perhaps a sober, post-merger review of the HLX numbers uncovered other skeletons in the HLX closet and eventually led to Dane's unceremonial ouster? Just thinking out loud here.

Razor