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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (47589)	6/2/1999 2:50:00 AM
From: Junkyardawg	Read Replies (3) \| Respond to of 90042

HPH Boy this is fun.:-) I have a lot of DD to do on this stock but it is fun to look at the SEC filings and try to make a "best" guess on where the company might be going.:-) This company just might be a very good candidate for a merger or buyout! The Trinity Group owns about 8% of HPH's stock. They filed the letter in a 13d saying that they will not continue in their efforts to get a non employee on the board. They feel that the new management will in time turn things around. Now read the following news release that was put out on 4/27/99 -------------------------------------------------------------------- Thursday May 27, 10:28 am Eastern Time RESEARCH ALERT - Harnischfeger upgraded CHICAGO, May 27 (Reuters) - Midwest Research said Thursday it upgraded the recommendation for mining and paper making equipment manufacturer Harnischfeger Industries Inc. to a trading buy from a market perform, based on a belief that recent management changes materially increase the odds of a premium bid for the company. -- The management changes announced May 25 signify a more active approach to enhancing shareholder value, Midwest Research said in a research note. Harnischfeger, facing weak markets and pressure from a major shareholder, replaced its chairman and chief executive earlier this week. -- The shareholder, Trinity I Fund, holds an 8 percent stake in Harnischfeger and is run by advisor Thomas Taylor and backed by the Bass brothers in Texas. Last month, Trinity said Harnischfeger had not responded to a ''premium'' buyout offer and sought a more active role in the company. -- Midwest Research said it believes that with the new managers and a more active board of directors, proposals from potential partners or acquirers may emerge.