Softechie, blankmind, etc.,
Respectfully, I would invite you to move any discussion of Tyco to the Tyco Thread. I realize that it is not my place to tell people where to post but IMHO Tyco does not fit the type of value model that this thread prefers. Plus, the amount of discussion is such that it could quickly swamp any other topic.
I could be wrong and, if so, so much the better. But the stock has been mentioned several times already.
JMHO,
Terrapin
PS:
The stock options were reported according to the rules of the day.
The payment was admitted to be a mistake and corrective measures have been taken to prevent a recurrence.
The acquisitions were reported and the articles claiming that they weren't have been retracted.
The credit problems were precipitated by rumors of accounting problems that simply haven't been proved despite increased disclosure, weekly conference calls, and heightened scrutiny.
Changed business strategy? They didn't like it as a conglomerate but they can criticize it for breaking up?
Please post any misleading statements that have been made.
Tyco's accounting has been approved by their analysts (I know, I know), a reputable accounting firm, the S&P, and the SEC. I do not know why I should trust TheStreet.Com over the SEC.
Sorry thread, but I couldn't keep my mouth shut. |
