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Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?


To: tekboy who wrote (6031)9/11/2000 3:21:46 AM
From: Judith Williams  Respond to of 22706
 
tekboy

<<shouldn'titbe"equilibria"?.com>>

Watch it. Before you know it, tekbaby will be turning your syntax/synapses inside out.



To: tekboy who wrote (6031)9/11/2000 7:20:36 PM
From: Eric L  Respond to of 22706
 
<< accentuate the positives and eliminate the negatives >>

Like Dr. Doom would do?

>> DR DOOM’S TELECOM PROGNOSIS

Think the lull in telecom stock valuations is a temporary phenomenon? Think again. So says Dr Marc Faber aka Dr Doom, the famed Swiss economist who achieved notoriety with his highly- unfashionable contrarian investment philosophies especially his call of the exact week of the 1987 stock market crash.

Dr Faber, who’s "Gloom, Boom and Doom Report" is read by thousands of investors worldwide, has warned that telecom stocks are in for a depressing decade.

He told America’s Network Weekly: "Telecom stocks have peaked and will sell at the PE ratios of traditional companies. They have similar attributes to the electricity utility companies boom in the 1920s. They bottomed out in 1941 and did not reach their 1920s values again until 1965!"

"Telecom stocks reached their peak in March and while they may rebound here or there they will not reach the same high for another ten or twenty years. Telecom stock is still overvalued. I think they will drop by another 50%." <<

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