RCN Corp. (RCNC) - Voice-Video-Internet Message Board

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Technology Stocks : RCN Corp. (RCNC) - Voice-Video-Internet

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To: Sarkie who wrote (611)	6/20/2000 8:58:00 AM
From: BostonView	Read Replies (2) of 720

It appears as though Pru is going to downgrade their short-term view (while maintaining their long term Strong Buy). Still an unconfirmed rumor. Personally, I hold Pru's investment opinions in very low regard, so much so that they've sort of become a useful contrary indicator for me. This is based on randomly observing their calls over the past five years on stocks I either own or follow. Pru is consistently amongst the last to upgrade a stock (after a good run) or, in this case, late to downgrade (RCN's already 65% off its highs). And keep in mind they only began coverage of RCNC five months ago. I'm praying for a retest of $18.50. IMO, Wall St. has completely missed the boat on RCN, and letting it fall to current levels is totally absurd. Forget being fully funded through 2002, forget the Allen factor, and forget the mind-boggling margins this proprietary, state-of-the-art mega-capacity fiber network will throw off down the road. It's as if RCN's existing investment in plant, property and equipment is worth zero, or less than zero. That's CRAZY!!! Every now and again, Wall Street coughs up a major gift. This is one of those times. BV

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