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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: DebtBomb who wrote (76138)6/7/2002 3:06:23 PM
From: Softechie   of 99280
 
Tyco Not As Appealing To JP Morgan

11:16 (Dow Jones) J.P. Morgan says it can "no longer recommend purchase of
Tyco (TYC), no matter how much value we see in the assets, until we have some
facts regarding the improper use of corporate funds and the possibility of poor
controls and corporate governance." Firm cuts stock to market performer, but is
somewhat hopeful. "Indeed, as a long-time bull, it may be that our capitulation
represents an absolute bottom on the stock," it says. "For our investors sake,
we hope this is the case." (RJH)
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