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Author: johnmo Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 14  
Subject: Value of ZEI Date: 12/8/1997 1:52 PM
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Does anyone have an idea what ZEI might bring in a sale of the company. How about a sell off of assets?

Johnmo
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Author: greedandfear Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 8 of 14
Subject: Re: Value of ZEI Date: 12/9/1997 6:43 PM
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Depends on what the Arco coal properties fetch. There's certainly a lot of interest in Arco's U.S. tracts from numerous companies. Incidentally, I agree with Zeigler -- the cost of new aquisitions is not resonable. That, combined with the very low stock price would argue for selling the company.

Even with the current problems ZEI is having, they should still be able to produce close to $2 in earnings over the next four quarters. Too bad they are not using more of their cash hoard to buy back stock; it's and excellent return on investment at the current price.

-Greed

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Author: cherokeejack Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 9 of 14
Subject: Re: Value of ZEI Date: 12/10/1997 3:20 PM
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G&F that's what I figured too. I have been watching ZEI since June, and it's been falling ever since. I don't understand why their acquisitions are not adding EPS to the bottom line. Global warming can't be the reason the stock's dropping. Are other coal Co's earnings falling too? I see no news on the industry per se. What do you think the sale price of ZEI would be in pieces or as a whole? Who'd want to buy it? Who would have better management or access to better acquisition than ZEI does now? Would a DUK or Detriot Ed want to buy into this co?

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