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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (18827)	4/12/1998 10:04:00 PM
From: Big Dog	Respond to of 95453

I was going to go into a little detail about MIND tonight, but I just don't have time. But quickly, the sale that did not come through in the 4th qtr that has caused the reported earnings shortfall was a sale to a company that is involved in a merger/buy out. During the due dilligence period the company being bought put a hold on new capital purchases. It may be that the sale will come through after all, or that the lease will continue -- at a higher margin than a sale anyway. The extra bad debt provision is related to a company out of Singapore that was caught the Asian Flu and has been slow paying -- but still paying. In the end, it looks like much ado about nothing and the stock is a five barker, bury the bone buy. Gotta run guys...VERY busy week this week coming up for me and the offshore rig bidness -- and His Doggedness needs calm before the storm. big ps. I don't play the contests, but shouldn't they be related to the offshore sector (as opposed to internet stocks) so comments thereto will be somewhat relevant to our main interest? But hey, it's yalls contest.