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   Gold/Mining/EnergyHarnischfeger (HPH)


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To: Mark S. who wrote (43)7/13/1999 12:22:00 PM
From: JLIHAI
   of 57
 
RE: Bass brothers involvement

Back in the 80's, the Bass brothers rescued Mattel when the failure of Intellivision almost put Mattel under. If memory serves, Mattel's book value went to -$14 per share. I'm currently in HPH as a turnaround play.

JL

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To: JLIHAI who wrote (47)7/13/1999 12:38:00 PM
From: Mark S.
   of 57
 
mattel from what to $14.00. Agreed as a turn around play. at this level though very speculative at best. have you read any of the 10 reports yet or better yet the news release on the 750 mill. what debts will be negociated away? finally one last question, nobody reacted to my ASIA turn around question.P.S. like your BIO.

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To: Mark S. who wrote (48)7/13/1999 12:50:00 PM
From: JLIHAI
   of 57
 
Mattel actually went to a negative $14 book value when they wrote off Intellivision, their video game subsidiary. When the Bass brothers came in with a $275 million rescue package, mostly in the form of an additional stock offering, Mattel was able to focus on its' core business of making toys and recover. Mattel has undergone some stock splits since then, but the split-adjusted price of the Bass brothers' cost would be roughly $2/share in today's market. I tagged along with them and it turned into a successful turnaround. I'm still trying to get a handle on everything going on with HPH. What attracted me initially was that there was concern among HPH's customers about their liquidity. With the financing, that problem should be removed.

JL

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To: JLIHAI who wrote (49)7/13/1999 2:26:00 PM
From: Mark S.
   of 57
 
any idea if orders are coming in on the H side. The paperside is pretty much in the tank right now.

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To: Mark S. who wrote (50)7/13/1999 11:16:00 PM
From: JLIHAI
   of 57
 
I think orders are in the tank across the board right now.

I think the key to their recovery is a pick up in Asia which would help coal and copper. That will undoubtedly take a little time.

I've been looking through a lot of the details on HPH's past on this link...

www1.wsrn.com

JL

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To: JLIHAI who wrote (51)8/3/1999 9:48:00 AM
From: Mark S.
   of 57
 
Heard this morning that the Papermaking opperation may be spun off. Also, the big machinery business is rebounding a little. Anything ever come from the EX-CEO's stock sale? Also, the H/U assets in Chicago, is there any liquid value or was this money down the tubes?

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To: Mark S. who wrote (52)8/3/1999 10:00:00 AM
From: JLIHAI
   of 57
 
Don't know the answer to those questions.

Right now, I'm reasonably certain they will survive. If I become convinced of that, I'll increase my position.

JL

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To: John Soileau who wrote ()8/6/1999 2:07:00 PM
From: DENNIS TULLY
   of 57
 
NEWS:

biz.yahoo.com

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To: John Soileau who wrote ()10/8/1999 9:45:00 AM
From: JLIHAI
   of 57
 
This would be a load off....

marketwatch.newsalert.com

Especially with mining likely to pick up

JL

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To: John Soileau who wrote ()11/21/1999 7:54:00 PM
From: JLIHAI
   of 57
 
Beloit scaling back...

marketwatch.newsalert.com

JL

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