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Rowan Companies plc Message Board

  • chink22030 chink22030 Feb 8, 2000 5:31 PM Flag

    what the hell is palmer doing

    Four of the top revenue producing rigs out of
    service and he's buying a pump manufacturer. Palmer needs
    a mud pump attached to his ass. First he pisses off
    the investment community by not following through on
    his stock offering, not to mention his lawsuit
    fiasco. This is costing millions.

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    • Correct me if I'm wrong, but wasn't the choice to
      put off the stock offering about as smart as smart
      gets?! Maybe even brilliant, lucky, etc.

      I'm
      looking at all the contracts in the works to be announced
      soon and wonder why anyone who wants share price to
      move up would complain one bit. Screw the bit about
      pissing off the investment community! Now they'll have to
      pay a fair price for the company they were about to
      get at a RIDICULOUSLY low price, and they'll STILL
      make money hand over fist. IMO of course.

      BTW,
      if there is an over-reaction (neg)to the APIs which
      were in line with expectations, tomorrow could be a
      great opportunity for people to get on the train.


      I cashed out a few weeks ago and am feeling a bit
      sick about it now. A boat dealer has my money now.
      I'll tell him about it. Maybe he'll throw in a
      floating key chain or some of those nice orange life
      preservers. runadamill

 
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