John, Mike & Tom's <b>Wild World of Stocks</b> Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : John, Mike & Tom's Wild World of Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Pitera who wrote (2750)	5/29/2002 4:03:02 PM
From: Raymond Duray	Read Replies (1) of 2850

Energy Traders Have the Capital Game Backwards thestreet.com Energy Traders Have the Capital Game Backwards By James J. Cramer 05/29/2002 01:27 PM EDT Speaking of pathetic companies, have you noticed that every one of these energy traders not only likes dropping earnings bombs on our heads, but also going for daylight saturation by demanding more of our capital to boot? The gall! One of the weirdest aspects of all of these energy trading companies is how they all misjudged the amount of capital that was needed. Now, with their stocks being vaporized, now, with their stocks vanishing by the hour, now they want money? Doesn't it make you long for companies that generate huge amounts of cash and aren't in need of tapping the capital markets? One of the things I always liked about some of the better old-line companies is that they would do spot equity offerings when their stocks were hot so they could raise money. These energy trading companies are doing just the opposite. That's another reason they must be avoided at all costs.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next