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Politics : Ask Michael Burke

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To: Spekulatius who wrote (81490)	6/6/2000 11:11:00 PM
From: Knighty Tin	Read Replies (4) of 132070

Spek, Value, of course, is in the eye of the beholder. What we have is a company selling at 19 times eps with rates rising. That is a growth company pe ratio and T's growth rate for 5 years has been -1.5%, for 3 years -5.51% and for 1 year -10.42%. True, those rates aren't alarming and it will take them a long time to run such a huge company into the ground at this pace. However, we have a gigantic phone company that is not growing during the greatest overbuilding of wireless, ASP and internet services in history. If they can't grow in that environment, what happens when those three industries hit the wall, which could be as soon as right now? Is this the highest risk in the world? Of course not. Is there any upside outside of speculators getting even more stupid? I don't think so.

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