Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (10631)	4/13/2002 2:16:37 PM
From: Square_Dealings	Read Replies (2) of 36161

<Anyone watching the telecoms here? Any comments?> They may be good for day trading but I would be very careful in these stocks. I thought Global Crossing was good at $6 and fortunately got stopped with a small loss It went to $ 0.25 and then 0 The industry is critical to the US but in the end the creditors (banks) will end up owning all the assets. There is too much debt for many of them to ever make any money. So we are going through a process of default. Shareholders will get little if anything from the assets of companies like T, Q, and WCOM. The assets will be distributed in fire sales, and at that time they will be excellent investments. M. p.s. I read something like the CEO of Quest made around $200 Mln salary and bonus last year while the company lost its shirt and the stock tanked. Owning the stock is endorsing this nonsense imo.

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