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Gold/Mining/Energy : CLIFFS DRILLING (CDG) -- Ignore unavailable to you. Want to Upgrade?

To: RLM who wrote (455)8/5/1998 1:37:00 PM
From: Joseph Beltran  Read Replies (1) | Respond to of 474
 
I'm showing a book value of $ 14.55. I don't think that figure is current, though.



To: RLM who wrote (455)8/5/1998 11:42:00 PM
From: VLAD  Read Replies (1) | Respond to of 474
 
RLM,

The book value of Cliffs is probably around 16.

IMO we are looking at a stock price that makes CDG vulnerable as a hostile take over candidate. Currently this company is managed very well and has been a cash cow for about the past 2 years.

IMO those who step in and buy at this level will be handsomely rewarded in the near future. But I must confess I thought this way over 10 points ago!


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