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Technology Stocks : (LVLT) - Level 3 Communications
LVLT 53.630.0%Nov 1 5:00 PM EST
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To: Softechie who wrote (2957)7/15/2001 9:52:03 AM
From: IngotWeTrust  Read Replies (2) of 3873
 
Barron's musta had a slow news wk t'write that 10 days after the "rumor" story first broke!

All those who would "take courage" from reading such re-heated pablum must remember THREE things:

If and only IF WB's "marked masked man" bought at 35c on the dollar, he:
a: bought below the market,
b: bought SECONDARY MARKET bonds, not new slap the money right here in my palm, pal "fresh LVLT debt"
c: you NEVER hear when buffet sells, except for years later when some researcher comes on these threads and has dug up a tidbit from SEC or 10-Q financials...WB's buys ALWAYS generate headlines but it is his SELLS that put the bucks in his bank account and he's mummumMUMMMM about that as a rule.

And should conclude at least THESE THREE THINGS:

So, figure it this way:
1) If he bought below the market, he's already got a profit on paper...more than ANYONE else I know
2) If he bought slap-fresh LVLT 1st issue debt then THAT would be good news
3) It's already history by the time you read stuff in Barron's, so don't fall for the paid-for spin on ANY company.

Remember my advice...the high prob play is in the short side on scale up selling for the immediate, and short term future.

2004 is a hellllllllllllluva long time away to see "cash flow positive"...so damn long, infact that Crowe sold his 2.95 million block 1.6 years early to just tread water personally on his own personal debt management/option cashout crisis of epic CEO proportions...

Follow the money, not the extrapolations of Barron's...and go short something else Walter Scott owns<grin>

Have a great week...we'll ALL be watching for this tremendous dead-cat bounce in LVLT and rootin' fer ya!
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