Hi duckster - I heard of that too here, but the substance is so weak that only traders would want to buy it. Prism has a big advantage over the others, maybe even COVD, because one doesn't have to wait for 7 - 14 days for connection. Also, with the sale of CDO MF leasing to IBM, CDO has the deep pocket to finance the initial phase of the buildout.
Personally, since I am an investor and not trader, I don't care much about fly by night rumor. Spinoff or no spinoff, tracking stock or not tracking stock, CDO is a severely undervalued growth stock in the hottest sectors of the net/biotech revolution, a prematured sellout is like robbing investors like myself a great core holding
Case in point, two months ago, I ve identified a very misunderstood co, SWW, with similar characteristics of CDO. Both of them got associated with the heritage, but they have transformed themselves into the new economy contenders. I bought at 30. I fully expected it to be a 50 stock in 6 - 12 mos. Then, CA came in and bought the co on the cheap. Granted that I made 20% into 3 weeks [sold @36] isn't too bad, by any account, but, with the strength of the tech sector now, I could have doubled my money. Therefore, takeover isn't what crack up to be, especially with severely undervalued growth stocks like CDO!
best, Bosco |
