Ask Mohan about the Market 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.

Pastimes : Ask Mohan about the Market

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: yard_man who wrote (15289)	4/1/1998 10:59:00 AM
From: Bonnie Bear	Read Replies (1) of 18056

the shell game is amazing- S&P dumps CPU and jacks up Providian Financial to make up for it. CPU is being hit by bad debt and slow sales, Providian is being raised for purchase of a huge line of unsecured credit-card debt. Accounting magic just wipes the bad debt away- you sell your line of bad credit cards to somebody else, they write off part of it and the street rewards them. I've seen this several times now. Amazing.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next