To: Frank Ellis Morris who wrote (148610 ) 12/6/1999 11:11:00 PM From: Sig Respond to of 176387
Kind of OT, and nothing personal, just gassing Let me check, see if can find better stock than Dell For last two years. ( Dell was $10, now 45) +350% Airlines maybe? LUV 11, now 16 (nope,<50%) AMR, 65, now 60 (nope) UAL (a biggie), 91, now 70 - whoooah Aircraft? Boeing 52, now 40 whooops Northrop G 105, now 58 ooh-oh Lockheed 45, now 20 ( lets try something else, banks) Citicorp 38, now 56 (thats better, but not good enough) Bac 59, now 55 ouch Bank One 48, now 33 (well so much for banks, try stores) Sears 44,now 35 ooops Now for the soft drinks, sell a lot of those Coke KO ( original) 63, now 65 ($1 year beats nothing) Pepsi 36, now 36 rats Well to heck with it, try black gold up 100% Phillips 48, now 48 (nope) Texaco 52, now 59 ( now we are getting somewhere, plus 7 bucks in 2 years) Atlantic Richfield 73, now 86 (wow) Things we can assume from the abysmal performance of these old line companies is that: 1. Because of the Web, and discussions like SI, people are going to realize these dismal returns to shareholders are unacceptable and will continue moving assets to the stocks with apparent upside. 2. Portfolio managers will have to pick up tech stocks , even the IPO's and momo's to stay in the top 10 or even top 50 on the ratings .Must disregard some high P/E's 3. Many of the techs and the NAS will fly higher, could drag Dell along. Msft very ???? 4. I have given up on finding a solid equity highly regarded by the Street( other than Dell or few others) in which one can place funds and count on a secure return for my old age. H&ll, stocks pushed here by the Street cant even match the S+P, so how can we believe analysts? Sig