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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (7774)2/14/2004 3:55:58 PM
From: jimsioi  Read Replies (1) | Respond to of 108697
 
orkrious, re HL downgrade...

Sorry that I don't have a specific reference to forward to you...maybe I was seeing things though I'm sure I read a reference to such.

Looking at HL's earnings can't say I'm terribly impressed...
Way down to the bottom of the report below see cashflow in 2003 of 25 million (1/20th of common stock valuation) and post capex cash flow of a minus 12 million...I suspect its a reserve play....
biz.yahoo.com

HL - not my favorite pick...