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To: Big Dog who wrote (88325)3/2/2001 8:57:26 PM
From: S. maltophilia  Respond to of 95453
 
<<FGH needs a clean sweep, new owner, new face. And I predict that is what will happen.
(Which may not be a bad thing for common share owners...)>>

I agree that the Halter part will continue to build hulls for the Egyptian navy, tugboats, ferries, etc. they might even make a buck or two doing it. But new owner means, to me, the same as a new owner of a repo'ed car - bad for the previous owner, i.e., shareholders.

How's FGH's cash situation? Will the bankers renegotiate some of the loan covenants, squeezing just a bit tighter one more time, or will they cut them off?