Forum Archive Index - February 2001

["hugh webber" <hugh.webber@clear.net.nz>]

I'd have to agree with Ben. There has to be a reason for it to go up
and I can't see any. It hocked all its best (profit making) 
investments off and is left with a mish mash of commodity type stocks
 - hotels, airlines, undevelopable Hawaiian real estate.....and a 'new' 
chief executive who thought he'd make BIL rich by investing in the tech
bubble
after it had collapsed using technical experience that BIL didn't
have.
The only glimpse of reason has been Cushing's decision to 
do something (what?) to utilise BIL's huge tax losses rather 
than just abandoning them as in the previous plan of becoming
a Singaporean/Bermuda/tech bubble stock.

I seem to recall that when the new all American CEO came on board
he promised to take BIL's share price to at least a dollar within
a year of his start date.....anyone recall when the date runs out...


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