SI
SI
discoversearch

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.
Technology Stocks : WCOM
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Oeconomicus who wrote (9102)2/5/2002 5:02:19 PM
From: Rob S.  Read Replies (1) of 11568
 
What I can't understand is how much might be off-balance sheet or otherwise hidden from investors. How can investors be sure that no funny business is going on? And how can they have confidence that recent analysis from an MSNBC columnist that portrayed WCOM as never yet having made a profit once investments gains are taken out?

I haven't studied the financial statements because what good does it do when what is troubling the market includes mistrust that companies are telling the truth? I'd love to have some assurance that would drive the stock higher but nothing convincing enough to keep the stock from selling off has come out of the company. We will probably just have to wait until earnings come out. Of course, if management were very confident that the market has pictured the stock falsely they could always come out now, despite the "quiet period" and make some announcement. The "quiet period" is not a hard fast rule . . . there is no law that says you can't issue press releases or make statements so many days ahead of earnings. It is simply accepted practice and a period ordained by advice from corporate lawyers that it avoids conflicts of interest and appearance of trying to influence the stock.

If you or WorldCom management could say something that would assure investors that the sky was not made out of glass (honestly reporting everything important and the future is not caving in on sales) then Worldcom should move up.

Fear, uncertainty and doubt. That is what needs to be dispelled.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News