<<<He favors a diversified approach. Some of his favorite stocks? Corning, which he expects to double in price, Juniper Networks, JDS Uniphase, and AT&T, which is planning to split into four divisions.
"You can't beat that with a stick," he said. "It's a good long term hold."
Tech stocks have been kind to him, and he said he considered their recent downturn as "a fabulous buying opportunity." He is particularly fond of Yahoo.
"Yahoo paid for the Viper," he said, referring to his new 450 horsepower convertible. "I had a picture of one on my wall for three years. I got sick of looking at the picture on my wall, and I ordered one. I put a $1,000 deposit on my Visa, and sent my sister over there. She paid the rest in cash. Same with the garage," a prefab model at his sister's house.
He has also purchased a Lincoln and a Suburban for each of his two sisters, and a $145,000 home in Islip Terrace, his hometown in Suffolk County where his father, sister, brother-in-law and nephew live.
He helps other prisoners by putting up money when needed. For example, Mr. Mathie said, he has given $2,000 to pay for the DNA testing of evidence that one inmate, Frank Sterling, believes could clear him of his murder conviction.
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nytimes.com
February 6, 2001 Single-Page Format
The Stock Market Has Made Inmate 90T1282 a Rich Man |
