It seems to me we face a question different from the one posed by Steve B. Let us assume that, in fact, the dow needs to see 7000, or, regrettably, 6500 or even worse. Wcii has already lost its 60% in value, it has already been destroyed, so to speak. What are its prospects in an otherwise disastrous market from here out. If it has sustained growth along the lines projected, will it do well?? Will a recession hurt its business much?? I would think it would help---businesses will look for a lower priced telecom alternative in a recession. As for capital, it will be much more eligible in a year, no matter how tight the markets. If KO drops another 20% because os its overseas exposure, why should wcii be hit so hard?? All thoughts welcome.
look at it this way: I am very willing to discount analyst's opinions. But, at a time when analysts are downgrading and reducing expectations, a respected firm like BTAB initiates coverage with a 49 target and a "strong buy". They could have easily trashed us, since there is no institutional loyalty. BTW, tell me the MS downgrades don't look brilliant now--stephanie outdid grubman and vogel for the short term... |
