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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (78)6/6/2002 4:01:12 PM
From: Jim Willie CB   of 89467
 
my quick analysis -- TYCO is heading to bankruptcy
or else (and possibly if they act fast) a corporate splitup

it is now 14.90 per share, a five-year low
below its Oct-Dec 1997 level of 20
it is a conglomerate of good stuff, but loaded with debt
they will probably parcel it off
load down a couple pieces with huge sandbag debt
then IPO the collection of pieces
talk up the sandbagged items to ensure their sale
some of the pieces will be golden for sure
they will be largely gobbled up by insider players

the trick will be to determine which pieces are sandbagged
here the collection is much less than the sum of key parts

just thoughts from a rainy sogged jackass
Volt has a real winner here, but he is consistent
/ jim
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