John, Mike & Tom's <b>Wild World of Stocks</b> Message Board

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Technology Stocks : John, Mike & Tom's Wild World of Stocks

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To: Davy Crockett who wrote (2521)	10/23/2001 5:08:19 PM
From: John Pitera	of 2850

HI Peter, yes WMI , you may recall that I was a big believer of it back in March of 2000 and at a few points since I agree with you very much that ENE does remind me of the WMI accounting problems take a look at WMI for a category leading company that is selling for rock bottom prices. I've been buying down here at 13.5-14.2 in the past week and a half. I pretty sure that the accounting problems have been flushed out. Message 13309569 Message 13289116 I believe that WMI will be a dull stock that will double over the next 14 months. But it won't be pretty. Nice entry into IBM last week. I know both you and Mike moved into it. ----------- An interesting day for WMI... WMI reported earnings that were 2 cents light. and yet the stock is up more than half a point today. When a depressed stock can miss earnings and yet rally on a pretty neutral mkt day, A longer term bottom is probably at hand or near by. WMI was listed by one contributor to the NYT's sunday special..stocks to Own for the Decade, back in Jan. I am bullish and got reasonably long WMI about a week ago, feeling that the downside risk is evanescing away from WMI. I had a bit from around 20 this spring, but it was a token position. WMI is the largest company in it's area, and they really had to work on accounting problems from a couple of mergers. Price to sales of 1 and a mkt cap of only 8 billion. Message 13288649 Message 15017500 Great post Mike, CD is still being penalized for it's merger with CUC almost 3 years ago that was ill conceived due to accounting fraud in one of the companies. CD to me is like WMI in the respect that there is light at the end of the tunnel, when the books are clean and the company continues to execute it's business plan.

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