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Technology Stocks : WCOM

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To: Softechie who wrote (10068)5/14/2002 11:01:31 AM
From: Thomas Walker  Read Replies (2) of 11568
 
Has a stock ever had a P/E of less than 1 - I'm not sure if that would be more comical or sad? But, it might be happening soon to WCOM at this rate.

Does anyone see the irony in a lot of this? Bond downgrades occurred because of lack of confidence in future expectations for the company (several years down the road). Just a year or two ago, companies with plans (and bad plans at that) to become cash flow positive in 5 years were raising capital like they were cash cows (granted, there bonds would have been junk, but you know what I mean).
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