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

To: Softechie who wrote (44187)	12/27/2000 3:16:51 PM
From: American Spirit	Read Replies (5) \| Respond to of 57584

WCOM selling $6 below book value, 900 mill cash. They do have large debts but they also generate a lot of cash. Looking ahead they have global infrastructure laid out which will be extremely valuable including large wireless internet interests. Right now the techs are being given no credit for the value of their R+D and investments in infrastructure which the world desperately needs. All in all at this price you get in at the bottom and if you're patient you'll be hugely rewarded. Goes for T too. Short-term three's a huge short position on WCOM which will be covering any day now. The bread and butter stocks are rallying first here which makes sense. Oil and gas are topped out. So are drug stocks. Telcos and major techs like CSCO, IBM, SUNW look like the next best play. Think about it, even with a slowodwn will people stop using the phones, computers and internet. Not a chance. In fact globally the expansion is everywhere and growth high. The dollar has come down which means better revenues from overseas. Firms like UIS and IBM get half their revenues from overseas. Soft-techie you have a point but the damage has already been done and any debt problems or profit warnings are more than priced in long ago. Firms like WCOM, LU and FON are also takeover targets and that could happen soon as well. What is the downside left on these stocks? Not much if anything. And with tax-selling all but over they've got nowhere to go but up.