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Gold/Mining/Energy : Harnischfeger (HPH)

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To: Mark S. who wrote (25)6/14/1999 8:42:00 AM
From: robbie   of 57
 
I think you need to take a refresher course on creditors rights.

I know all about creditors' rights dude, what I'm saying is everyone will get paid. Worked on plenty of Chapter 11s.

Nobody knows how this is going to shake out.

Agreed, but I think I have a pretty good idea how it will shake out. I know plenty of people in this business...

Unless the company has opportunities for "new" business, the current credit savor would be in vain.

Disagree. I understand they can't get paid for current business, due to the Asian crisis (which is improving by most accounts) and the weak coal market. If enough customers can't pay you, you are not going to be able to pay your creditors either.

I just don't think this company is in danger of going under. And since I have a good handle on what goes on in the industry, I'll continue to buy. Very little risk at these levels.

Robbie
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