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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who wrote (11372)4/29/2002 9:16:08 AM
From: Art Bechhoefer  Read Replies (1) of 36161
 
Most analysts are spending too much time looking at the stock of companies like Lucent and Nortel, and not enough time looking at their debt. If they realized how much debt both companies have, they'd never even consider the stock--too much interest obligation to allow for any near term earnings on the stock. But some of the debt, now selling near or at junk bond levels, offers not only good income but the prospect for capital gains.

From the point of view of safety, however, I would still prefer oil and gas producers. As to gold and silver, well it is no secret that I don't have much motivation to buy natural resources where there is little potential for increased demand.

Art
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