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To: Wowzer who wrote (65718)5/5/2000 3:21:00 AM
From: upanddown  Read Replies (1) | Respond to of 95453
 
Laggards, Rory?

Surprised anyone is interested in stinkin' laggards but probably UFAB FGH PGO and especially MDR. I really wouldn't touch
GLBL at these prices.

I love to compare GLBL and MDR 1Q. MDR makes .13 while GLBL loses .07. MDR sales 591M..GLBL sales 79M. J Ray
McDermott, the marine construction segment, has three times the sales of GLBL. MDR has 125M cash...GLBL has 17.3M.
GLBL doesn't show backlog while MDR has 1.8B + 1.2B for B&W. So naturally MDR is worth 5-6 times GLBL, right? Not
exactly....GLBL is worth 2.5x MDR. Either GLBL is grossly overvalued or MDR is grossly undervalued. I'am betting on the
latter. Not for the instant-gratification crowd but I think it will do as well as anything in the patch the next twelve months.

John