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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (207916)12/5/2002 5:47:14 AM
From: Earlie   of 436258
 
Reaper:

Precisely. Any wonder why I have hated these bandits for years?

Now about that 8.5% pension plan assumption,..... (g)

By the way, I have to give the rascals credit for doing this right at the peak of the current bear market rally. If they had waited a few more weeks, the coming "warnings" period would likely have gutted the numbers.

And of course very few of the sheep who own this stock will employ a bit of simple arithmetic to calculate the added dilution. Not that it matters, because at the rate IBM's management is selling off assets and borrowing dough to keep the "buy back" program going, pretty soon it will truly be a "virtual company".

My favourite short just keeps getting better and better.

Best, Earlie
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