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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (66306)8/16/1999 10:54:00 PM
From: Mama Bear  Read Replies (4) of 132070
 
"What excuse do you give when you downgrade a company whose business has been sucking during the whole time you had the higher rating? "

Michael, did you catch that stroke of genius from Lehman Brothers this morning? They downgraded IRID to neutral from buy. I guess it's hard to give a bullish spin to involuntary bankruptcy and a trading halt by the exchange.

Barb
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