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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (87591)	12/27/2000 12:03:58 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

To All, mini Barron's review. I know this is late, but it is an exceptionally good issue, so I figured I ought to talk about it. 1. An interview with Fred Hickey, which, alone, is worth the price of the rag. Fred is very kind to his millions of detractors now that he has been proven right and may be proven much righter. He still hates the tech markets, but, as always, has a few long picks to go along with the gazillion put picks. 2. Some crapola TA article about the January Barometer. 3. A long article about major brick and mortar companies and their assault on the net. Gives me hope for my software and services longs that are currently down and out. 4. An excellent interview with an internet stock guru. The DIRT Report, which I find as apt a title as The Motley Fool. Of 213 IPOs from 1999 that he follows, 13 are in positive territory ytd. Makes one question the "buy tech IPOs to get rich" theory of investment. <g> He's still bullish and people still listen to him. To his credit, he does try to seperate real cos. from fluff. However, to his discredit, he doesn't seem to have much of a handle on how stocks are valued until after the valuation paradigm changes. <g> 5. A great article on where to buy natural gas assets cheap in various stocks. Hmmm, is the barn door now being closed after the horse has found permanent employment at Alpo? Don't know, but this looks like a possible toppy contrarian piece to me. 6. A spirited defense of Federal Mogul in the Mailbag section. Somebody named Charles M. Lewis from Belfinances Securities in NYC jumps on my old phone buddy, Andrew Bary, for daring to use the B word in the same sentence with FMO. He takes great comfort from the fact that the CEO has written an essay on the FMO website saying they are not going bankrupt. And that Warren Buffett is buying US Gypsum, which also has asbestos liabilities. O.K., I pretty much agree with his fundamental assessment. However, blaming a reporter for questioning some real bonehead decisions by management reeks of somebody who is long and wrong, bigtime. And taking a CEO's denials at face value? Gimme a break! And Warren Buffett is bright, but being bright in investing usually means a positive track record of 60-70% on your picks. Excellent, but not of holy pilgrimage quality. Of course, perhaps I can be more objective because I've been long and wrong on this one, but very smalltime. <g> Worth the entry fee this time.