Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maurice Winn who wrote (5554)	7/4/2001 8:54:24 PM
From: TobagoJack	Read Replies (1) of 74559

Hi Maurice, Malcolm has had some pretty unique experience in China many years ago, a strong belief in technology and the future of the 6 billion folks you often mentioned, and he is spot on ... the issue is one of "compelling value", not one of "compelling future". The valuation of many (again, I stay away specifically from QCOM) great companies can only be justified by twisting the intellect and apply low discount rate to their prospects, courtesy of Greenspan. Money is continuing to be wasted on a grand scale globally, and count on the long term interest rate to hold steady, and then go up, as capital is being ill treated. This prediction is independent of the discussion of inflation/deflation. The discount rate will be raised due to deteriorating credit quality and real profit (less inflation) growth projection. I keep saying I have no view on QCOM. It is not that I am lazy and not bothering to check out any specific company. I am simply not interested in picking boats in the midst of a small storm, soon to be followed by a bigger one. I simply prefer to stay high atop a hill, for the moment, working on my own boat (business). Chugs, Jay

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next