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To: Crimson Ghost who wrote (37969)	2/22/1999 4:08:00 PM
From: Mike from La.	Read Replies (1) \| Respond to of 95453

The OSX is down, but some stocks are up or neutral, BWG, CXIPY, DO, NE, PGO. Maybe we are seeing investors being selective, and not betting on an overall industry recovery. The stocks with the best fundamentals, stable earnings outlook, and low leverage are doing better than the OSX in general. FGI remains a mystery though.

To: Crimson Ghost who wrote (37969)	2/22/1999 4:16:00 PM
From: A. Geiche	Read Replies (2) \| Respond to of 95453

<<New lows seem virtually certain; The question now is how bad will these new lows be.>> The second question is will these new lows be last lows? The third question is will there be ever recovery of high prices? The recoveries did always happen before, but the "before" is the history now. The political environment is different now.

To: Crimson Ghost who wrote (37969)	2/22/1999 4:46:00 PM
From: Gary Burton	Read Replies (2) \| Respond to of 95453

I don't think it will be long now,maybe a week. ---I bought some more VTS this afternoon at $10ish,even though it may dip to the low 9's before the decline is over. It's by far my largest holding. Merrill reduced their eps estimates for 99' to $1.00 on Friday.Yahoo thread comment on the weekend was as follows "VTS is now trading at 2.4x Merrill's est 99 Cash Flow vs its historical range of 4-9x.Also, the ratio of Market Cap (debt plus equity) to est 99 EBITDA is now also 2.4 relative to an historical range of 4-8x...Relative to the same ratios for PGO, VTS is trading at a 44% discount based on cash flow and a 63% discount based on MarketCap/EBITDA..." I might add that VTS also has an excellent balance sheet where TOTAL libilities, net of $3.37 in cash reserves, is only a meagre 25% of tangible book equity (13.40) and the Price/Sales Ratio (Price less Cash/sh, all divided by Jan qtr est annualized sales)is a paltry 0.30. And this for a company that is expected to still be profitable in 1999. This is absurd notwithstanding the industry problems and VTS' 40-50% land content. my 2c

To: Crimson Ghost who wrote (37969)	2/22/1999 11:43:00 PM
From: SliderOnTheBlack	Read Replies (6) \| Respond to of 95453

<<Another awful day for OSX...New lows seem virtually certain...The question now is how bad will these new lows be. .>> zzzzzzzzzzz - yawn The sky is still falling ? After 11,392 posts since the Sept Market Crash having called for new OSX lows/crash, or $8 Oil etc.? Which way is the wind blowing today ? - I guess that depends on whose finger is in the air - ? SargeK; send me a wake up call in 2 weeks; I'm going back to sleep. Can you imagine trying to hold Hamburger Hill with these NancyBoys <VBG>? PS - Some strong signals and rumblings that no one seems to have caught here....fwiw Back to ''Club Fed'' Ciao