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Pastimes : JESUS and FINANCIAL FREEDOM

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To: yard_man who wrote (1276)10/4/2000 12:24:22 AM
From: gregor   of 1283
 
Barry: I guess we are near the long term average at 12-16 but the other half , those not selling for 16 pe are a lot higher, so the pe of the whole s&p is way up there .

Why didn't you give me a lecture on bandwidth before I bought Flag telcom. You are correct on that one. But OTOH I feel that at worse there is still an oligopoly in the telecommunications carriers with a limited few able to compete.

Consider cable TV. Everyone thought that competition would bring the rates down. Most of the big boys are so heavily in debt that cannot afford to bring the rates down. Then they are spending so heavily to be competitive with DSL lines and the phone company.

Or consider that optical is getting dirt cheap in terms of capacity. But start laying optical down the street where you live and see how competitive it is . That is the reason I feel you have to go with the guys that have the deepest pockets, and why they will still make big bucks .. got a post to you over on the Ask/Receive thread... In Christ....gregor
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