FSII - The Worst is Over? Message Board

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Technology Stocks : FSII - The Worst is Over?

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To: Joe Dancy who wrote (1873)	4/8/1998 11:39:00 PM
From: Alan Edgett	Read Replies (1) of 2754

Thanks for the links. I agree this is very much a political problem, but doubt the current government has the wherewithal to enact the required medicine similar to Hoover in the 30's. The resultant breaking of the YEn (say to 145 or higher) will crush many businesses with ties to ASIA and destroy the smaller countries. Such a scenario will more than offset any capital inflow "wave' IMHO as earnings stagnate in even our larger firms for a few months. I'll be in Jakarta next week examining firms there and how they're dealing with this crisis. I'll let you know what Hughes, Coca-Cola, and Chase execs in-country think. Certainly FSII's cash/debt ratio is strong for the near-term, but such a cap-heavy industry is bound to take longer to recover if this gets any worse. I'm not sure I see the logic in holding throughout as there probably won't be a "good" surprises, and there should certainly be enough time to "see" the turn. Anyway, good luck to all in any event. edge

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