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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (81207)	5/26/2000 2:13:00 PM
From: accountclosed	Read Replies (1) \| Respond to of 132070

cool, mb!

To: Knighty Tin who wrote (81207)	5/26/2000 2:26:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 132070

MB, it's also one of J. Robertson's biggest holdings...a potential takeover candidate perhaps? regards, hb

To: Knighty Tin who wrote (81207)	5/26/2000 2:58:00 PM
From: S. maltophilia	Read Replies (2) \| Respond to of 132070

I thought about FMO all morning, but the LTD, equity of $2.0 B, $3.5B of which is goodwill, a dash of asbestos, and negative operating cash flow last quarter scared me off. So I picked up some ODP instead.<G> Good luck w/ FMO. It's been on my radar screen since 15, and one of these days I'll have to bite.

To: Knighty Tin who wrote (81207)	5/26/2000 4:06:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Mike, What's the downside story with FMO? Balance sheet? Asbestos? It looks like it's priced for a depression based on the earnings estimate! Wayne

To: Knighty Tin who wrote (81207)	5/26/2000 5:06:00 PM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 132070

MB, Has anything changed at LGND. If not, it looks like a first third again. Joan

To: Knighty Tin who wrote (81207)	5/26/2000 5:25:00 PM
From: double-plus-good	Read Replies (1) \| Respond to of 132070

Michael, i'm curious as to what funny business might take place in the next week's run-up to the exercise date of the ligand warrants. i had to dip in today for my first third and went the warrant route for now. I seem to remember being in another warrant situation that played kind of kinky in the last week. Will there be some folks short the common and looking to pick up cheap warrants prior to next saturday? And if there is some kind of arb situation likely will that create an "artificial" price dip in which one might profitably establish a full position? thanks for your thoughts on this one. also if you have any insights into freeport FCX and their various preferred classes i'd be keen to hear them. ++