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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: RobertSheldon who wrote (11167)5/12/2001 8:29:53 PM
From: Spekulatius  Read Replies (2) of 15615
 
>> Trying to time the bottom is dangerous. <<
I think that news from the telecom industry will be mostly negative and GX may not be exempt from that. GX is not immune from severe pricing pressure or firesales of assets.
GX discounted cash flow value is highly dependent on future growth rates and margins, both could easily come under pressure, IMHO.

I do think that GX is the best of the new telecom carriers, even though CWP with its global reach and boatloads of cash may be worth an investment as well. In a market like that, i do think that not trying to time the bottom is treacherous.
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