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To: SliderOnTheBlack who wrote (42253)	4/15/1999 11:24:00 AM
From: Linkdog	Read Replies (3) \| Respond to of 95453

FWIW, FLC continues to maintain that earnings in a normalized environment (assuming this means $16-$18 WTI) would be $3.48 per share. Peak earnings are estimated at $6.32 per share. I know I own this and don't want to sound like a hypster, but even in a meltdown situation this seems to be undervalued relative to the industry. And when the exiting fleet is compared with others (even without all of the newbuilds) FLC looks like a giant. With the newbuilds and a normalized environment FLC looks like it would dominate. Slide, Bull, Big what do you all make of this--if anything. Big Dog would be interested in what the industry thinks about FLC. Slide and Bull what so you think form a marrket/trading perspective???