Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: VanScott who wrote (23704)	4/11/2000 9:21:00 PM
From: DlphcOracl	Respond to of 57584

Van Scott: I picked up GBLX at $28 last fall, watched it go to $59 earlier this year, and steadily plummet. I think it is best classified in my category of: "great company, bad stock"; LU, IBM, WCOM, are other companies I lump into this category. I believe the investor sentiment is quite negative because of its aggressive acquisition policy and the rich premium it seems to give to each company it acquires. Throw in a new secondary offering, and it now has the same flavor as an internet stock -- it is increasingly thought of as a company which reports large losses quarter after quarter, with staggering debt, and no glimmer of profitability in the future. I believe it will once again drift into the 20's and I will repurchase it in here, not as a long-term investment but, rather, as a compelling take-out candidate for one of the giant telecom companies.