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

To: valueminded who wrote (93863)	1/4/2002 10:38:29 AM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

Chris, Well, there is one co. named Philip Morris, which also has been hit by tobacco lawsuits. But I have to admit that the odds are against you as the law now stands. Here is my positive spin. I am not 100% sold, but I do believe there is an upside: 1. Every co. in the energy business and most cos. in the building business that have been in business more than 20 years have a significant liability. Can we afford to let them all go under? 2. Where does push come to shove on who is too important to fail? My guess is that when you are in a state of war against terrorism, the #1 defense contractor fits that bill. That's Hal's Brown and Root sub. 3. The insurance is substantial. 4. There is a relief law in Congress that is moving so slow it is obviously being written on parchment by a monk with severe carpal tunnel syndrome, but it does exist. 5. Hal's oil service business is #1 in the world. Do we want to destroy a #1 American co. in an essential industry? If the govt. is concerned about the doggie airlines, where we have one decent co., how can they not be concerned about our energy supplier? 6. The closest of ties to the administration. The Vice President used to be President of Hal. The President is from Texas. Hal may not be able to get help, but they will be heard. O.K., all that being said, I wouldn't buy the stock now. But long leaps are a profit possibility. Please pay no attention to the fact that I said the same about Enron. <g>