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Technology Stocks : WCOM
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To: Jacob Snyder who wrote (8773)6/16/2001 10:21:45 PM
From: jackrabbit  Read Replies (1) of 11568
 
It just seems crazy that they would set the dividend at a level that can't be sustained for at least the near future. Of course management and Wall Street have not been been able to predict the last 2 years in this business, so I may be placing too much faith in their ability to predict the next 2.

I agree with your trading idea. Buy when the dividend is 14% or so and then sell when it gets down to 10% (by price appreciation -- not by dividend cuts). If you collect a couple dividends along the way, so much the better.

If MCIT is going to die as you envision, would it not have made more sense for WCOM to spin it off rather than doing the tracking stock? I heard the head guy for MCIT on CNBC -- he seemed pretty optimistic about their local phone business. I don't know if that will be able to sustain them.

Regards,

jackrabbit
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