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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: KyrosL who wrote (8372)9/6/2001 11:23:47 PM
From: Maurice Winn  Read Replies (1) of 74559
 
Kyros, I third it. < just market capitalism at work following an overinvestment boom.>

CB calling YOU cynical!! Good grief.

If round one investors don't know how to price something in surplus, round two investors might do. If they don't, round three investors will [but by then Globalstar's assets will be nearing the end of their life so round two better price it right and undercut other services such as CB's overpriced, old tech Inmarsat stuff].

Not cynical at all. How it should be! I see similar flavour in Global Crossing [though I remain deeply ignorant about it]

Mq
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