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Technology Stocks : 360Networks - TSX - TSIX
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To: Dexter Lives On who wrote (256)5/23/2001 3:11:17 PM
From: teevee  Read Replies (1) of 449
 
I don't think anything is missing. Its just the sometimes the market takes time to digest and adjust. There have to be nervous fund positions in similar, higher priced companies like GX whose balance sheet is comparatively much more leveraged than 360 and have older, more expensive, lower capacity fiber in their network. Bailing out of 360 like the institutions have done will go down as one of the colossal Wall Street mistakes. No doubt heads will role when the dust settles. They picked the wrong horses and jockeys this time. How often can a well managed growth company like 360 be bought at a discount to NAV? Its a rare opportunity.
cheers,
teevee
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