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Technology Stocks : Able Telecom (ABTE)
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To: Bill Wexler who wrote (602)3/8/1999 3:26:00 PM
From: QuietWon  Read Replies (1) of 700
 
I posted that 6 5/8 by coincidence seemed to be my number and that I had picked it up at that point - that was around when ABTE posted their results. The thing that I still say "Go figure" to is when Asesnsio put out a negative PR and the stock went up. Then when 10-K came out and showed WCOM to lend the $ to Able to buy back the conv pfds, stock went down. Go figure - I waas expecting the opposite.

I still believe, as I've posted yesterday, that Able seems to refute the shorts' arguments - I see no dispute from anyone short that eg. they said Able would not get the Virginia EZ-pass and ABTE did win it.

Seems shorts by the PRs and posts say that Able mgmt lousy, Andersen was shoddy/whatever word was used, and if AIG is supporting the bond for Able's latest contract, that AIG likely wrong. I would think many ppl would say Andersen is a smart firm and AIG too. Able mgmt according to the Philadelphia paper re NJ state persons says Able mgmt much better. And add in that LMT is behind on a smaller project, makes me think Able not as bad as the shorts seem to make it out to be. If there's something I'm missing be glad to hear of it. And I hope it's facts vs just continual bashing - to get to the bottom of what's going on, need the facts vs name calling, etc - doesn't do anyone any good, imo.
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