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To: Big Dog who wrote (10928)2/7/1998 3:37:00 PM
From: John Carpenter  Read Replies (3) | Respond to of 95453
 
DBCO is on the auction block. In addition to being one of
Canada's oldest construction/infrastructure plays, DBCO
owns and operates the largest Canadian shipyard which is
situated in Montreal. The shipyard produces jackups,
semisubmersibles, and Navy frigates. DBCO bought the
shipyard for $1 from the Canadian government(similar to
FGII's deal). DBCO, which trades around $2/share, has
received an offer from ECGOF for $3/share. But on Friday,
there was some legal complication with the deal. I wonder
if FGII would step in and either buy the shipyard or the
entire company. Even at $3/share, the entire company costs
only $93M. The company had about $600M in sales last year!



To: Big Dog who wrote (10928)2/7/1998 11:03:00 PM
From: Velocipher.   Respond to of 95453
 
I wasn't really sure if UFAB had any synergies with FGII, thanks for clearing that up. Like you said you never know. I trust this management in doing the best for me as a shareholder, and maybe this will be another upcoming example of making money in ways we haven't even thought of!

Greg


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