Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (20929)	7/8/2002 12:20:16 PM
From: carranza2	Read Replies (1) of 74559

The Merck news certainly presents a trading opportunity of the first order since the Merck unit posted equivalent amounts of non-earnings as, I suppose, non-costs. In sum, a zero game. Cheesy? Absolutely, but I'm not sure it changes the balance sheet one iota. The market will soon enough realize that shaving 15% off Merck's capitalization is excessive given the zero sum nature of Merck's cheesiness. Unless, of course, there's more to come, which is also possible.

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