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Biotech / Medical : Elan Corporation, plc (ELN)
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To: Hector who wrote (1680)2/14/2002 7:32:14 AM
From: Icebrg  Read Replies (3) of 10345
 
>> BTW, did you ever notice how the bond rating agencies and stock analysts have a habit of downgrading these issues only after they've already lost a good chunk of their value?>>

Yes, like almost every other analyst. But, Moody's et al are not in the business of giving investment advice. Their focus is credit risk assessment. And from that point of view it actually makes some sense to wait until after the fact. Of course in the case of Enron there was too much emphasis put on the waiting element.

Ice
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