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Strategies & Market Trends : Value Investing

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To: Dale Baker who wrote (12895)8/2/2001 2:41:40 PM
From: Bob Rudd  Read Replies (1) of 78704
 
MTP: Just read Merrill rpt on this - Dropping '01 to .01, '02 to .42, rating to Neutral, Says value compares unfavorabley to RBOC's and LVLT [Price shown 7.96]. The change has been known for a long time so I suspect today's action is more a reflection of tectonic shift in expectations by folks who planned to hold, rather than final bailing by folks that liked it as an electric utility.
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