SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Global Crossing - GX (formerly GBLX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ellen who wrote (6466)6/11/2000 1:38:00 PM
From: TechMkt  Read Replies (1) of 15615
 
Ellen,
This confirms my earlier suspicions that CIBC's selling was motivated by their necessity to improve their earnings numbers and NOT because of a fundamental change in GBLX'x value.

The sale of CIBC's GBLX shares account for 1/3 of their earnings. In other words, they would have been in deep #%$^& with shareholders if they did not sell. I certainly would not invest in CIBC, however, GBLX is still a value leader.

It's a shame. If CIBC held on for another month or two, they would have probably doubled their returns.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News