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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: Eric L who wrote (7577)10/5/1999 1:27:00 PM
From: LindyBill  Read Replies (1) | Respond to of 54805
 
can't figure out what to do about WCOM.

I look on companies like WCOM as utilities, and have never had any interest in them. I just think there are better places for my money.



To: Eric L who wrote (7577)10/5/1999 8:49:00 PM
From: DlphcOracl  Read Replies (1) | Respond to of 54805
 
Eric L: Decision on WCOM is easy -- SELL IT!! WCOM is paying a hefty premium and taking on extraordinary debt. Even worse, it is changing its focus from a high-flying telecom company focused on the internet and high-speed data telecom (with its fat profit margins) and taking on a low-profit, low margin long-distance telephone co. to get wireless Sprint PCS. This deal is the exact duplicate of what Quest did when it merged with US Worst (er, West). Lindy Bill hit the nail on the head -- WCOM is no longer one of the vanguard telecom companies; it is now a utility.