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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (2963)	1/7/1998 1:15:00 PM
From: Ron Bower	Respond to of 78748

Jeffrey, From what I see, MEOHF has been (and is) in a constant growth mode and costs of opening new operations gets reflected, but they have been getting substantial increases in gross operating margins. It hasn't been showing up in bottom line because of major increases in D&A, but is definitely there in the FFO.

To: jeffbas who wrote (2963)	1/7/1998 1:36:00 PM
From: Ron Bower	Read Replies (2) \| Respond to of 78748

Jeffrey, I hadn't noticed earlier. Company seems to be supporting price at 7.50. A 100K block traded this morning and I suspicion the company as the buyer. I know dilution has dropped to 175M shares as of a couple of weeks ago and they are still buying. This is new territory for me. I've reviewed financials and they look very good. What would be the problems with the sector and for MEOHF in particular? By the way - JWC has gone up 8% in 3 days and headed higher. Morgan Stanley and Lehman just exceeded projections by good numbers and I think the other brokerages will be reporting the same. Brokerages do best in a volatile market 'cause they make out on both buy & sell. Thanx, Ron