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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: P314159d who wrote (1069)	11/25/1999 3:01:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 1438

<<But the rumor is reigning here. i think there must be a better fish to fry. DSL business is just beginning and WSTL has a bit of it. A BIG bit of it. Watch.>> P3, even the analysts who recently recommended WSTL seemed to have pretty flimsy reasons for the recommendation. For ex., Warburg Dillon analyst projected a loss for 1999, 2000, 2001, and finally, a profit of all of 4 cents for 2002. Based on that huge 4 cent profit for 2002, the analyst gave a price target of $14. A price that gives the stock a 350 PE ratio looking forward to 2002. If that is the prognosis, I'd say its a good bet that the bandits will be able to manufacture a reset of the conversion ceiling to $4.46 come April of 2000. Which means the stock would have to be trading at or below that price by April. I would not bet against the bandits getting their reset in April. Does that mean the stock won't go higher between now and then? No.