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Technology Stocks : Loral Space & Communications

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To: DaveMG who wrote (2887)5/8/1998 2:56:00 PM
From: F. Foos  Read Replies (2) of 10852
 
Dave,
Re: "One could perhaps argue that LOR will be less affected by a more pessimistic market because of the lack of the usual benchmarks upon which to grade its peformance. In this case beauty really is in the eye of the beholder."

If one is willing to suspend the connection to reality, one could make any arguement one so chose; but it would be a mistake. The lack of benchmarks has never prevented the market from grading performance. The market has more money than you do and it votes with its dollars. It has been a while since we have had a really pessimistic market. If the market ever turns negative, it won't be taking prisoners. It would be delusional to think otherwise.

Don't get me wrong, I like LOR and believe the company's future is quite promising. But I wouldn't expect LOR to be a safe haven in a market downturn.

Frank
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