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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Warpfactor who wrote (9166)	10/8/2001 2:17:39 PM
From: Gottfried	Respond to of 23153

Warp, some of those sources I don't even read any more. Not because they may not be right - some time - but because I can't determine when. I have not bought any tech stocks lately, but when I do it will be companies that are down because of outside influences they have no control over. Some of the semi equipment stocks fit that description. Gottfried

To: Warpfactor who wrote (9166)	10/8/2001 3:29:54 PM
From: upanddown	Read Replies (1) \| Respond to of 23153

MDR - what a strange company Any legal eagles out there with educated guesses as to how this might turn out? The date follows the expected conclusion of a trial to determine the solvency of The Babcock & Wilcox Company (B&W) as a result of a 1998 corporate reorganization. The trial is currently scheduled to begin October 22 in U.S. Bankruptcy Court for the Eastern District of Louisiana. The reorganization involved B&W's cancellation of intercompany notes receivable and the transfer of certain assets, including all of the capital stock of BWX Technologies, Inc., to B&W's parent company, Babcock & Wilcox Investment Company. The asbestos claimants committee and the future claimants representative in B&W's Chapter 11 proceeding have asserted that B&W was insolvent as a result of the transfers and the transfers should be voided. This reorg preceded the BK by more than a year since the BK filing was not until Feb 2000. A favorable ruling could be very positive for the stock. This company is currently priced for total disaster. SEOD was recently talking about looking for stocks with price/sales ratios under 1, historically a good indicator of future performance. MDR has 4 operating segments (Marine Construction, Government, Industrial, Power systems). EACH of the 4 segments has a PSR under 1 using the MDR market cap, which has to be highly unusual if not unprecedented. Using annualized Q2 figures, this is what I get. PSR - .24 without B&W and .14 with B&W. PE - 4.1 without B&W and 2.5 with B&W Backlog - 2.6B without B&W and 4.0B with B&W. The market cap is less than 500M. One could easily make a case that each of the operating segments is worth more than the market value of all of MDR. JMO. John