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Strategies & Market Trends : Value Investing

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To: blankmind who wrote (13951)	2/18/2002 6:01:38 PM
From: Logain Ablar	Read Replies (3) of 78548

blankmind: TYC may be going to 60 but i have it as a teenager b/4 the end of summer if it doesn't hold its recent lows. Message 17077257 I think our main difference of opinion lies in your assumption its not cooking its books. I'm assuming it has been agressive in its accounting and it has more of the piper to pay. Of course if it is earning $2.8 a share (70cents times 4) this year then it is a value. I just question the $2.8. How much of a charge does it have to take when it sells CIT ($3 Billion pre tax, I read the book value is $11B) and what is the impact on the loan covenants. With TYC having to hit its credit lines (the non CIT portion) one has to wonder if its so cash positive why did it need so much commercial paper.

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