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 Gold/Mining/Energy | Philip Services (PHV)

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To: dennis naughler who wrote (292)8/12/1998 4:27:00 PM
From: John Wright   of 483
 
Dennis, I'm not sure where MR. Icahn is getting his 'investment'(Yikes!!) advice on PHV. PHV is a disaster. As a 30 year Hamiltonian I have to admit that the whole PHV saga stinks just as bad as the industry they do business in and leaves a real blight on this city. Philip is drifting into bankruptcy. The only consolation out of all this will be that 1) Philip executives end up in jail(unlikely in Canada though!!!!!!) 2) their bankers get fired(this is a bit of a joke too) and that the OSC justifies their tax payer funded existence by completing some decent investigative work that leads some where. Maybe they can contract out some of the work to Howard Beck. Former PHV Director and Bay Street lawyer.

John

P.S. Only in Canada you say? Pity!

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To: John Wright who wrote (294)8/16/1998 2:46:00 PM
From: dennis naughler   of 483
 
TSE and S&P exchanges downgraded the stock last week.Wall
Street has now classified them under credit watch.They will probably
get kicked off the US exchanges soon.The crooks responsible for
this fiasco will get a slap on the wrist.The only consolation is to short
this stock down to ZERO before the TSE kicks them off too.

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To: dennis naughler who wrote (295)8/19/1998 3:36:00 PM
From: dennis naughler   of 483
 
Doesn't take a rocket scientist to figure this one out.Mutual funds are unloading.

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To: dennis naughler who wrote (292)8/19/1998 3:40:00 PM
From: dennis naughler   of 483
 
No material changes

Philip Services Corp PHVShares issued 131,116,6121998-08-18 close $2.33Wednesday Aug 19 1998Ms. Lynda Kuhn reports In response to recent stock activity resulting in a declining stock price, the company states that there have been no material changes to the company's finances or operations since the issuance of the second quarter financial results (see Stockwatch dated Aug. 12, 1998). The company's operating units have been cash flow positive. The company has available approximately $60-million in cash and another $15-million under a line of credit to support its continuing working capital requirements. Philip is on schedule with its asset disposition program and continues to have the support of its lenders for its reorganization and debt reduction program. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com 

old url (better for printing)

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To: dennis naughler who wrote (297)8/19/1998 8:57:00 PM
From: Kevin Hamlin   of 483
 
Phillips is so oversold it is beyond ridiculous. The funds dump and they really don't care. I've seen them do this so many times before. I think this will show itself to be one of the best bargains of the year. Sure they've screwed up...but the selling has gotten WAY out of hand. Panic fed panic fed bigger panic fed mania. I daytrade, but this is so cheap right now, I don't mind holding some at all. At this level I'll take all I can get and then some.

Kevin

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To: Kevin Hamlin who wrote (298)8/20/1998 5:53:00 PM
From: dennis naughler   of 483
 
I'd be careful.When funds are dumping like what we are seeing now,it's a clear indication they're in bigger trouble than meets the eye.Its breaking every support level on the way down with relative ease.Nobody is buying the stock except for the day traders who are short selling the stock.

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To: dennis naughler who wrote (299)8/25/1998 10:20:00 PM
From: John Wright   of 483
 
Carl Icahn is averaging down and making an attempt to limit his losses in a horrible and poorly researched investment(Investment??? - A major PHV oxymoron). For the Icahn blind followers, take your money and run. Mr. Icahn can afford to lose a lot more than you can i.e. Joe Q public.

Thoughts, opinions, anyone?

John

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To: John Wright who wrote (300)8/25/1998 10:30:00 PM
From: Sinker   of 483
 
I do believe the downside is limited on this stock.

This could change if bankruptcy occurs or the company goes into chapter 10.

I anticipate picking some up for the RRSP and just holding it for a while, hopefully it will appreciate and bring a tidy return.

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To: Sinker who wrote (301)9/6/1998 8:49:00 PM
From: dave brown   of 483
 
You would be better buying PHV outside the RRSP and use the capital loss if your determined to buy the stock. Tidy returns these days will come from the small cap's and the junior mining market.

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To: dave brown who wrote (302)9/22/1998 4:50:00 PM
From: sverrir thorolfsson   of 483
 
09/22 0108 PHILIP SERVICES CORP. SHAREHOLDER FILES SEC FORM 4

WASHINGTON, DC, Sep. 22, 1998 (States via COMTEX) -- Riverdale LLC of Mount
Kisco, NY, a Shareholder of Philip Services Corp. (SYMBOL: PHV), accumulated
3,355,200 shares in 6 transactions for between $1.17 - $2.19 each between
August 11, 1998 and August 21, 1998. Riverdale LLC currently owns 18,455,200
shares. A Form 4 reporting the transaction was filed with the Securities and
Exchange Commission on September 09, 1998.

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