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

To: Big Dog who wrote (36239)	1/29/1999 3:52:00 PM
From: marc chatman	Read Replies (4) \| Respond to of 95453

Big, I don't think FLC has preferred shares. I could be wrong, and of course, they could try to issue preferred, but I don't see it as likely.

To: Big Dog who wrote (36239)	1/29/1999 4:12:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

The Worm has turned ! Hicks Muse, Soros, M. Price are ''in'' ! nothing like the arrival of the Smart & Vulture money; ...damn; hope I beat Michael Price to the Veritas party... I'm not holding any FLC currently ( the thinking mans leverage play) - gotta be liking the odds/returns of a FLC short term $6/7 to $15 run... let alone the 2-3 year down the road potential of $4 eps x PE of 18 = $72 when we return to $16-18+ crude... Today was potentially the ''turning point'' day; looks pretty good. No one blowing off in volume to any major degree. This was all most a soft landing 4 peat bottom. GLM a 5 million share trade - and a willing buyer (smart money/buyout play ?)... VTS is such a rock; low debt, substantial cash on hand, has been plowing tons of cash into high tech upgrades & deepwater seismic vessels - superior high technology oriented company with excellent management - Michael Price made my day.... VTS a top 3 holding for me. FGI; Is ''someone'' hedging a large holding; or is someone making this their ''white-whale'' short play ? Either word has leaked that FGI has lost, or received substantial contract/backlog cancellations and ''someone'' on the Street is selling it short knowing the news will be in the upcoming earnings release; or - (as I believe) as FGI will be crucified if they didn't prewarn; FGI is the ''tightest lipped'' company in the Oilpatch; which is great news for the individual investor; and someone is selling this baby short on every tic possible and they obviously don't have any inside news ! I think some pseudo Oilpatch-Ax/Hedge Fund manager could be making an incorrect, but understandable short run on FGI thinking that their meteoric rise on the wave of deepwater Rig newbuilds is going to come crashing down... if this is the case; Wrong ! - these guys are now becoming ''the'' yard of choice; have a backlog that is going to short-squeeze the hell out of the sellers; and will add/transition to repair/refurb work if the enviroment dictates. Quite simply - this stock is mis-priced ! We'll all know in a few weeks - FGI will either be $6-7, or it will run to $15-18. My money is on the $15-18... FGI is still a micro/small cap - few analysts, little institutional ownership - I can not believe that someone is shorting this company to this degree; hence I think someone is ''hedging'' here and at least the vast majority of the shorts will be unlocked as fundamentals improve. I can not believe anyone is making this ''short'' play without having specific inside info - which I don't think is the case. FGI is going to make a lot individual investors a whole lot of money imho. With VTS, FLC & FGI at these price levels; all legitimate 4-5 baggers - who needs any damn ''.coms'' !

To: Big Dog who wrote (36239)	1/29/1999 4:34:00 PM
From: Flan	Read Replies (1) \| Respond to of 95453

Dog - Hearing rumors that Billy and his boys at MIND have been all but upfront with a few of their close analysts in the last few months - Sounds like even the company's fans are throwing in the towel...With alot of small clients the CH11 factor comes into play on their receivables. Still have not bought any but the strong balance sheet is really tempting me....moved into VTS instead.