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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: upanddown who wrote (39106)	12/11/1998 12:02:00 PM
From: Tommaso	Respond to of 132070

SDC sounds awfully good to me. I just bought some. Not often that you get to buy a sound company at a 75% markdown from the year's high.

To: upanddown who wrote (39106)	12/11/1998 2:42:00 PM
From: Tommaso	Respond to of 132070

Here is a moribund thread that I started at one time. I guess the subject (Oil Prices) just got too depressing to talk about. exchange2000.com

To: upanddown who wrote (39106)	12/11/1998 5:23:00 PM
From: Knighty Tin	Respond to of 132070

John, I have to admit to emotional prejudice in this case. I have never forgiven them for insider options trading on the Pacific Coast exchange back in 1982. The CEO and several friends and relatives got arrested. I know it is different guys now, but the name still leaves a sour taste in my mouth. MB

To: upanddown who wrote (39106)	12/12/1998 11:25:00 AM
From: Tommaso	Read Replies (2) \| Respond to of 132070

I was having some second thoughts about my SDC purchase yesterday, but find this history encouraging: sfdrill.com I used to see this company evaluated in Value Line years ago and had not realized that there had been the interval of 100% ownership by Kuwaiti interests. But everything seems very much on the level, and given today's price, the IPO by which it went public for the second time, getting $28 a share, looks pretty good. Kuwait seems to have a long history of investing oil money in good American companies, and that's what SDC seems to be. Of course, I am so used to having what seem to me good ideas turn out to have terrible flaws that I would be happy to hear negative comment. The only thing that bothers me now is that the figures on SDC seem too good to be true. Except for the dividend. If the dividend yield were about 6%, it would look like one of the great buys of the century. It's down wearly 80% from its peak, and less than half the offering price.