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Technology Stocks : WCOM
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To: Teddy who wrote (2190)2/28/1998 4:23:00 PM
From: Alexander Hardin  Read Replies (1) of 11568
 
Great choice in WCOM.
Like you WCOM is a company that would normally be bigger than I would invest in, but this company is compelling.

I do not have any figures for revenue percentage growth but with MCIC and WCOM owning most of the world's data/internet backbone and with data communications expected to take up 99% of communications by 2004 (today it is a small percentage)you can expect fast growth for years to come. WCOM owns local carriers in almost every major and second teer market and can offer businesses everything on one bill. MCIC will only strenghthen that. The only thing WCOM doesn't have is a presence in wireless, but Bernie said he will aquire a provider after taking over MCIC. Bernie and the management are extremely aggressive and will leave many of the former giants behind. My price target is the mid 60's by December with most of the gains coming after July since getting that high would be extremely hard before the MCIC merger. My price targer for December '99 is between 100-110. I believe WCOM is an undervalued stock. Some people would point to the high P/E and say that it isn't, but that P/E includes the massive charges WCOM is taking for the MFS merger. WCOM is traded on cash flow and is thus significantly undervalued.
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