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Strategies & Market Trends : Classic TA Workplace

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To: KyrosL who wrote (37774)	5/2/2002 8:45:42 PM
From: ajtj99	Read Replies (1) of 209892

KyrosL, one major thing you are missing is the goodwill issue with WCOM. WCOM has billions in worthless goodwill it needs to write off as well as billions in assets that are on the books for far more than fair value. Those have been major issues with the many, including bond holders. There is about $35-Billion in goodwill that many are saying should be written off, which has already been accounted for in the common (about $12/share). They've got another $12-18 Billion they should write off in equipment also. Their receivables have been questioned too. Subtract all of this out, and you could make a case that their stock is still over-valued. Most of this has been accounted for in their stock price. All in all, it is a business recipe for disaster.

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