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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: 249443 who wrote (11877)6/17/2001 11:22:26 AM
From: 249443  Read Replies (3) of 15615
 
My criticism of GX:

I hope a reader of these posts doesn't feel that I am being unfair of Robert. I believe, to understand my position, it is necessary to read Robert's posts from the beginning -- up to the present.

My understanding of the company is based upon:

1) the facts of the outrageous payments/bonuses/special
payments that have been paid to the past leaders of this firm. (The stockholder has never been priority #1 for the firm.)

2) "professional" research performed on the credit worthiness of gx and their over leveraged financial position (go to the Level 3, TSIX, etc. boards and say that gx is completely different with a pristine balance sheet).

3) insiders are selling in size at prices above where we are today (please point me in the direction of where insiders are buying).

4) the bottom line of money management is to preserve money first and then secondly make money (a stock that goes from $40 to $8 violates this premise and assumption by investors)

5) the truth of money management is that investors in a hedge fund, or any kind of account, will take their money elsewhere if they absord substantial losses

6) get a hold of the quality research that explains the current situation (it does cost money!) and one can understand the stock's performance

I realize nobody likes criticism of their stock holdings. We have all lost money on our investments at some point in time. But if the only word being heard on a board is based on rose-colored glasses, then perhaps something is amiss.

Know who you are reading and if they have been right in the past. That is credibility at its best.
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