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To: puborectalis who wrote (112209)10/3/2000 1:43:23 AM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
Stephen - Re: ". More worrisome, according to
an August Barron's article..."

I keep by my desk a copy of Barron's from May 29'th of this year - with a cover story on Xerox - and a long analysis explaining how Xerox's stock could JUMP 50% this year.

At the time, Xerox was selling for $28/share.

A month after the article was written, Xerox's stock fell to about $18 after they preannounced an upcoming bad quarter with profits missing analysts estimates.

Today, after the market closed, Xerox announced an upcoming LOSS - and their stock was trading for around $12 in after hours trading.

In conclusion, Barron's is often full of shit.

Paul