Mort, you are looking at this deal in A DOWN MARKET for WIRELESS.
The point though is that they have 35,000,000 customers
and climbing.
In the future they will be spun off from AT&T.
It is extremely likely that at that point ( if not sooner )
they will go with new CDMA technology.
They have the name recognition which is very important.
So they can easily go back to $50/share.
Wendt said that:
" we will sell Tritel, in the NORMAL COURSE of business .
This is NOT a firesale ".
We continue to have 2X2 morons on this thread such as
pea-sized-brain-kevin who are
bound and determined to
outguess,
outsmart,
outcalculate,
Wendt,
the guy responsible for 50% of GEs growth an profits last 13 years:
GE, the biggest, and
most profitable co that exists and ever existed.
It takes time to go through all these posts because
I have to keep clicking past morons like kevin etc.
But.I understand that this is not a perfect world
and so I tolerate it.
PS: Do you also put Wendt in the looser category
like the rest of the morons?
So far Wendt
has done everything he said he'd do as fast, if not faster.
He has confounded all the 2X2 analysts who have never run
a company and who when this market corrects and the brokers start
having layoffs will be put out on the street to pasture
because their high PEs ( read salaries ) are way in excess
of market valuations and what they deliver.
And, don't forget bottom line:
60,000,000 shorts waiting to cover: Wendt now says that
starting next Q he will be giving guidance to earnings.
This guy is amoney machine.The news is getting better.
The longs are not selling as seen by low volumes all along.
Folks instead hav been steadily buying as demonstrated by the need of SHORTS to
K E E P S H O R T I N G CNC
to pevent a price rise and short squeeze.
Well I believe shorts are running out of time.
In the early dawn, longs can see the short squeeze looming
in the horizon like a bad nightmare for shorts.
Don't you just love it?
got to go,
back much, much later.
cheers,
TA
=====================
Message #3660 from Mort at Oct 28, 2000 1:21 PM
According to the latest 13F filing by Conseco they own 900,720 shares of Telecorp PCS valued at $36.3 million
as of that date now worth $12.7 million and 0 shares of Tritel. I don't think this is a very big deal.
news.stockmaster.com.
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X1000) PRN AMT PRN CALL DISCRETION
Symbol Technologies C/S 871508107 30,671 567,975 SH N/A OTHER 1 567,975
TCI Pacific Comm 5.0% Call CVT P/S 872294202 3,080 16,000 SH N/A DEFINED 1 16,000
Telecorp PCS Inc. C/S 879299105 21,528 534,030 SH N/A DEFINED 1 534,030
Telecorp PCS Inc. C/S 879299105 14,782 366,690 SH N/A OTHER 1 366,690
Tellabs Inc. C/S 879664100 825 12,060 SH N/A DEFINED 1 12,060
Tellabs Inc. C/S 879664100 1,527 22,310 SH N/A OTHER 1 22,310
Templeton China World Fund C/S 88018X102 231 30,000 SH N/A DEFINED 1 30,000
Tibco Software Inc. C/S 88632Q103 2,831 26,400 SH N/A DEFINED 1 26,400
Tibco Software Inc. C/S 88632Q103 4,130 38,510 SH N/A OTHER 1 38,510
Transwitch Corp. C/S 894065101 6,664 86,340 SH N/A DEFINED 1 86,340
Transwitch Corp. C/S 894065101 9,514 123,260 SH N/A OTHER 1 123,260
Trump Hotels & Casino Resort C/S 898168109 5,653 2,010,000 SH N/A DEFINED 1 2,010,000
Valero Energy Corp. C/S 91913Y100 6,645 209,300 SH N/A DEFINED
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