Hello Victor: Smoke, fire, or false alarm, the fundamentals of Tyco remain unchanged: great. I and two other people I know here at SI viewed Thursday as a golden opportunity to buy shares of a solid growth company and pounced. None of us knew the others were watching TYC, none of us knew the others had bought until after the fact, and all of us bought for the same reasons, the fundamentals.
From ML's report of Nov. 24th, TYC's actual earnings for 1999 were $1.53 and estimates for 2000 and 2001 are $2.10 and $2.60 respectively. In their updated report released Dec. 9 and titled, "SEC Requests Information But Its Not An Investigation," their earnings estimates remain unchanged.
The drop in Xerox (XRX) Friday, which should continue on Monday, was more CPQ-like. I shall not be a buyer of XRX. I am actually thinking about picking up more shares of TYC [in my IRA, the other shares are in a regular account].
Yes, I did see your and JDN's postings on the TYC thread. My take is that JDN considers all your press the tabloid press. All I can say is that for a while during grad school, I learned quite a bit from periodically reading some of your more highly regarded weeklies. Did you catch, "Women gives birth to a sheep [in Scotland??]," and its sequel, about 4 months later, "Sheep gives birth to a human baby [Australia]," or, "I was Big Foot's lover," in _The Sun_?
Regards,
Lynn |
