To: Tatnic who wrote (543 ) 11/2/1999 9:51:00 PM From: Crystal ball Read Replies (1) | Respond to
TYCO "clever" guys just did their job, they bought companies cheap. That's why subsequent quarterly earnings reports are excellent. The rate of the Return on investment is also good, great in fact. And the cash is a fact. That is why they do deserve closer scrutiny, but the scrutiny has to be explained as to what they actually TRULY did, and not like the TICE and NY TIMES articles leave out the details and turn what was a good thing, a great job, into something impliedly bad or misleading. Should they have paid too much for these companies? No! Should they have voluntarily paid more in taxes dollars that they will never see again? No! They did their job, but, I think, Mr. K may be right, that there was a deliberate attempt here to short this stock down, so that TYCO itself can be bought up cheap (maybe taken over in a sneak attack) as all us "little" buyers are doing while old stock holders are in a panic and sell. This is wrong if it was planned. TYCO deserves to return to its higher price, its value is really there. You can hide value in "paper' accounting, but YOU CAN'T HIDE CASH, and TYCO HAS THE CASH!. Actually, I think like REIT (Real Estate Investment Trusts) that all companies should really subtract off from from accounts revenues....that is, take off all the depreciations etc., so that the NET NET NET cash revenue is what you really see, and not just tax gimmicks. Then you truly see the bottom line, instead of having to add and substract those lines of the properly filed fiancial disclosures yourself for comparision of companies within same industries in measuring their true FFA performance.
